Recusal Mandated for Numerous Corporate Entities Due to Prior Business Relationships

Prime Minister Mark Carney must recuse himself from discussions and decisions involving over 100 corporate entities, including Brookfield Asset Management Ltd., where he previously worked. This is according to newly released ethics documents. A spokesperson stated he will uphold high integrity standards.

The filings were released to comply with the Conflict of Interest Act, following pressure from critics. Carney's prior private sector career, including his role at Brookfield, raised concerns about potential conflicts. He resigned from his board positions before entering politics and established ethics screens, placing his assets in a trust.

As a public office holder, Carney must report his assets, with a public statement due within 120 days. Conflict-of-interest screens prevent his involvement in specific company matters, though he can participate in broader discussions. He divested assets, placing them in a blind trust.

The financial value of his holdings is not public. Disclosures include hundreds of individual stocks, such as Walmart and Microsoft, but not many major Canadian companies. Carney retains an interest in Brookfield, including stock options. He is also eligible for bonuses from the Brookfield Global Transition Fund.

companies where he had a management role, Brookfield portfolio companies, and other Brookfield-related entities. The screen is managed by his chief of staff and the Clerk of the Privy Council. He was already obligated to recuse himself from conflict-of-interest decisions, with those recusals to be made public.