Congratulations Saskatchewan, as of May 30, 2013 the Government is officially getting ready to sell you shares in Information Services Corp (ISC), a company that you already own. On Monday, Bills 69, 95, and 96 were proclaimed into law that enable “ISC to transition from a Crown corporation to a business corporation” and allow the government to begin privatizing our organization. ISC’s preliminary prospectus was filed and is now available on SEDAR (System for Electronic Document Analysis and Retrieval). The document gives prospective share owners a detailed description of ISC...
Well the Sask Party government has done it again – yesterday a bill was introduced in the Saskatchewan legislature that will allow the government to privatize Information Services Corporation (ISC). The government cites the inability to invest outside of the province as reasoning for the privatization of ISC. Perhaps they need to conduct some research into why that cannot happen...and they need not look very far. It is in fact their own ideological Sask First Policy that restricts the investments of Crown Corporations, like ISC, and limits out-of-province investments.Since 2007, ISC has ...
News ReleaseFOR IMMEDIATE RELEASENovember 20, 2012Government sets stage for ISC privatizationFollowing weeks of limbo for Information Services Corp (ISC), SOS Crowns is disturbed by the Sask Party government announcement to privatize up to 60 per cent of the Crown Corporation.Since 2007 ISC has posted nearly $100-million in net income, much of which is returned to the people of the province through dividends. In 2011, ISC’s annual report detailed the organization’s financial stability and healthy bottom line. However, the Crown has been unable to offer their services and expertise ...
SOS Crowns is concerned for the future of Information Services Corporation (ISC) as the Sask Party government examines whether or not they will set the stage for privatization later this fall.Recently the government announced that a ISC is being evaluated by RBC to determine whether or not they will introduce legislation in the fall to begin the process of privatizing the Crown Corporation.Since 2007 ISC has posted nearly $100-million in net income, much of which is returned to the people of the province through dividends to Crown Investment Corporation (CIC), lowering the tax burden for all S...
CBC News reported today that the Sask party government is considering the sale of another Crown Corporation, Information Services Corporation (ISC).Information Services Corporation (ISC) is the provincial Crown Corporation responsible for the administration of land titles, vital statistics, survey, personal property and corporate registries, as well as related geographic information.Current legislation in Saskatchewan prohibits the sale of any major Crown including utilities, however, ISC is not protected under the Crown Corporations Public Ownership Act. SOS Crowns will be following as this s...
Recently, the 2011 Crown Corporation Payee Disclosure report was released, detail payments that Crowns have made to Board members, employees, suppliers, and sponsorships, among other things. The Payee Disclosure report has been a traditional tool of accountability and transparency for our Crowns. It also shows the immense reach that Crowns have within Saskatchewan, and one of the reasons that this province is a great place to live and make a living. One of the largest portions of the report is the employee compensation section for each individual Crown. Any employee that earns more than 50,000...
Once again, a number of our Crown Corporations made the list for Saskatchewan's Top Employers including: -Information Services Corp. of Saskatchewan (ISC) -Saskatchewan Government Insurance (SGI) -SaskEnergy Inc. -SaskPower Corporation -SaskTel With a total of 9,003 full-time employees between the 5 organizations, Crown Corporations play a huge role in many Saskatchewan communities. In October of last year, both SaskTel and SGI were also honoured as two of Canada's Top 100 Employers. ...
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