Corporate Concentration, Royal Commission on
The Royal Commission on Corporate Concentration (Bryce Commission) was appointed in April 1975 under R.B. BRYCE, and reported 1978. It was convened in response to POWER CORPORATION OF CANADA's bid to take control of ARGUS CORPORATION, to study and report upon "the nature and role of major concentrations of corporate power in Canada; the economic and social implications for the public interest of such concentrations; and whether safeguards exist or may be required to protect the public interest in the presence of such concentrations."
The resignation of Bryce as chairman, due to illness (1977), greatly influenced the commission's conclusions, summarized as, "While we have recommended a number of improvements (in public policy), we conclude that no radical changes in the laws governing corporate activity are necessary at this time to protect the public interest." However, changes in COMPETITION POLICY legislation were passed in 1986.