Canada's governance landscape today can be characterized as having highly committed individuals and institutions in search of the right balance. Those at one extreme vigorously defend Canada's "principle-based" governance system with few changes to the status quo. Those at the other extreme argue that we would be better served by adopting sweeping governance standards ("rules") along the U.S. Sarbanes-Oxley (SOx) model. Where we end up as a country will depend on the outcome of this very public debate and on the decisive volleys of those players only now being heard from. Who these players are, where they stand and where we may end up, is the subject of this report. And where people stand depends a great deal on how they answer the question: "What should Canada learn from Enron and SOx?"

The outcome of this dialogue will set the stage for Canada for years to come, affecting our competitiveness and image internationally. This reports includes the perspectives of the various "governance voices" in Canada as well as some suggested actions.