Monday, May 30, 2011
Senior Executives – YBTJ #77 | NECI
Senior Executives – YBTJ #77 NECI
Senior Executive’s Bad Timing, or Conflict of Interest?
Test your knowledge about conflict of interest, in this Manitoba case.
From 1998 to 2003, as assistant deputy minister, Accommodation Development Division, Manitoba, Stephen Kupfer was the senior manager of the provincial inventory of owned and leased real property.
In 1997, the “Seven Oaks” property was declared surplus to government requirements. Between 1998 and 2004, the government received 26 offers to purchase the property, and refused them all. In many cases, Mr. Kupfer was consulted about the offers, so he was well aware of the property, and of the difficulty in selling it.
On November 7, 2003, Mr. Kupfer’s employment was terminated by a government reorganization.
In April 2004, the company 4914971 Manitoba Ltd. was incorporated, with Mark Olson as the sole director and officer. The shareholder of 10% or more of the shares was 5005779 Manitoba Ltd. The directors and officers of that company were not identified.
In May 2004, a company called Pioneer Solutions Inc. was incorporated. The 2005 annual return named the directors as Mark Olson and Stephen Kupfer, and identified the shareholders as the Olson Family Trust and the Kupfer Family Trust.
The following took place between February 2004 and early November 2004:# Manitoba Land Management Services received an offer from Pioneer Solutions Inc. to purchase Seven Oaks.# The offer was delivered by Stephen Kupfer on behalf of Pioneer Solutions Inc. Mr. Kupfer also delivered the deposit cheque to the government office. This offer was rejected.# A subsequent offer was received from the same company 10 days later. This offer was also rejected.# In September 2004, an offer was made by 4914971 Manitoba Ltd. That offer was witnessed by Mr. Kupfer and delivered by him. He had a phone conversation with the government manager of land services, who told
Senior Executive’s Bad Timing, or Conflict of Interest?
Test your knowledge about conflict of interest, in this Manitoba case.
From 1998 to 2003, as assistant deputy minister, Accommodation Development Division, Manitoba, Stephen Kupfer was the senior manager of the provincial inventory of owned and leased real property.
In 1997, the “Seven Oaks” property was declared surplus to government requirements. Between 1998 and 2004, the government received 26 offers to purchase the property, and refused them all. In many cases, Mr. Kupfer was consulted about the offers, so he was well aware of the property, and of the difficulty in selling it.
On November 7, 2003, Mr. Kupfer’s employment was terminated by a government reorganization.
In April 2004, the company 4914971 Manitoba Ltd. was incorporated, with Mark Olson as the sole director and officer. The shareholder of 10% or more of the shares was 5005779 Manitoba Ltd. The directors and officers of that company were not identified.
In May 2004, a company called Pioneer Solutions Inc. was incorporated. The 2005 annual return named the directors as Mark Olson and Stephen Kupfer, and identified the shareholders as the Olson Family Trust and the Kupfer Family Trust.
The following took place between February 2004 and early November 2004:# Manitoba Land Management Services received an offer from Pioneer Solutions Inc. to purchase Seven Oaks.# The offer was delivered by Stephen Kupfer on behalf of Pioneer Solutions Inc. Mr. Kupfer also delivered the deposit cheque to the government office. This offer was rejected.# A subsequent offer was received from the same company 10 days later. This offer was also rejected.# In September 2004, an offer was made by 4914971 Manitoba Ltd. That offer was witnessed by Mr. Kupfer and delivered by him. He had a phone conversation with the government manager of land services, who told
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