Saturday, December 26, 2020

Ethically Challenged Canadian Corporate CEOs Double-Dipping on the Taxpayer's Dime

"The orthodoxy is that executives owning shares is absolutely the proper corporate governance because it aligns the philosophy, the risk and the performance period with payouts."
"What's interesting is that when you bring dividends into play and the ability of an organization to determine dividend payouts based on a government subsidy, it does raise questions about that linkage and the optics of that linkage."
"By the time you actually own a physical share, it's considered an after-tax investment the same way it would be if you bought mutual funds [there has never been a requirement to directly disclose figures relating to dividend payouts publicly]."
Christopher Chen, managing director, Compensation Governance Partners
 
"You may be less willing to suspend dividends because you have an interest in receiving the dividends. To say [CEWS] is different money or the left hand doesn't know what the right hand is doing I don't think addresses that conflict that certain CEOs have seven digits in dividends at the same time they're accepting the government subsidy."
"What you could do is voluntarily take a haircut so your net total compensation remains the same ... and say we're not going to benefit financially during receipt of taxpayer money."
Richard Leblanc, York University professor, governance consultant
There is nothing illegal about companies claiming emergency benefits while continuing to pay dividends. But the findings raise all kinds of questions that are worth debating.
There may be nothing illegal, strictly speaking about wealthy corporations lining up to receive government benefits out of taxes imposed on citizens, during the economic hardships of SARS-CoV-2 causing a global pandemic, but that is only because the government in its haste to send out cheques to individuals and corporations claiming to have been deleteriously impacted by the pandemic, in a bid to soften the blow and give aid to those in need, overlooked cautionary principles in flux when greed equals need, and failed to specify certain conditions be met to qualify for the handouts.

That wealthy corporate interests have taken advantage of the situation claiming Canada Emergency Wage Subsidy benefits to enable them to meet payrolls and avoid laying off personnel, when in fact they faced questionable such emergency reactions to the COVID situation, speaks volumes of their lack of principle and perspective. Seeking to enrich themselves at the expense of the taxpayer may be a common enough human lapse in judgement but it hardly excuses them, and nor does it earn any plaudits for government either.

An investigative report by journalists at one of Canada's leading national newspapers revealed that the chief executive officers of 68 Canadian companies that proceeded to pay out dividends to their shareholders while at the same time taking possession of the special pandemic wage subsidy, saw those same executives earning an estimated $30 million in dividends personally during the quarters where their firms accepted the wage subsidy.

The investigation revealed a minimum of 68 companies receiving over $1 billion in CEWS, designed as a subsidy giving aid to companies seeing a revenue drop due to the coronavirus impact -- to enable them to cover payroll costs, and who then chose to nonetheless pay out over $5 billion in total to shareholder dividends in the past two quarters. Nothing in the CEWS program as it was designed prevents companies from paying out those dividends.
 
Toronto's financial district is seen on Friday. CBC News analyzed the financial statements of 53 public companies that disclosed receiving more than $10 million from the Canada emergency wage subsidy program. Collectively, these companies dished out nearly $2 billion to shareholders between April and September. (Evan Mitsui/CBC) 
 
Pierre Karl Peladeau of Quebecor, known to be close to the Liberal government of Justin Trudeau, earned close to half of the group's total in shareholder dividends personally, estimated at $14 million. K.Rai Sahi, CEO of four companies on the investigated list earned $3.1 million in dividends, with his company receiving over $22 million in CEWS payments. Quebecor claimed its telecom business failed to qualify for CEWS while its media subsidiaries did. 
 
According to Christopher Chen, companies have made it a requirement that executives own shares for the past several decades, as the gold standard of good governance, but the dividend earnings of the executives now has him rethinking a practise once taken for granted. Government to date has paid out over $52 billion to 359,880 applicants through the CEWS program, extended recently to June 2021.
Millions were received by other CEOs on the list of dividend recipients.
 

York University professor Richard Leblanc stated executives owning shares has always represented a "small-c" conflict of interest for the fact that the executives and board members deciding what gets paid out in dividends may themselves be recognized as among the largest beneficiaries of those payments.  The issue of dividends is characterized by many companies as necessary, arguing their dividends represent stability for investors. Suspending paying out dividends, they argue, would break the cycle of trust and might lead to a stock price downturn.

As Frank Li from the Ivey Business School explains, an executive's compensation should be linked to the firm's performance but when funds like CEWS become introduced into a company, injected into revenue and net income figures they tend to exaggerate performance metrics. This leads to higher compensation while facilitating payouts like dividends, in other words 'compensating' CEOs at taxpayers' expense. It is "luck or taxpayer money" that has resulted in executives collecting dividend income, not that they succeeded in leading their companies to good financial outcomes.
"If you perform badly, then you are fired, but in this case, they performed badly, they received [CEWS] and executives still enjoy high pay and high compensation."
"That's not an efficient corporate governance mechanism."
Frank Li, finance professor, Ivey Business School, Western University
 

 

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Thursday, November 26, 2020

Filthy Lucre and Profound Wealth

Grimes Elon Musk
Jason Kempin/Getty Images
Elon Musk and Grimes at the 2018 Met Gala

The world is stumbling through a global pandemic with nation after nation watching helplessly as their economies crumble, stock market values tumble, businesses fail, great corporations are prostrated, and pharmaceutical companies rush to develop a life-saving vaccine -- and all the while their health-care systems are overwhelmed with mounting cases of a coronavirus that has crushed the lives of millions of people.

Yet, all is not lost. The world's wealthiest billionaires are in fine shape, according to the Bloomberg Billionaires Index which ranks the world's 500 wealthiest people in order of the riches they have amassed. For the past eight years those rankings have informed a curious world of the wealth that some individuals have been able to accrue to themselves. And this year, which has seen nations stumble to their financial knees, the ultra-wealthy are doing just fine, thanks for asking.

Amazon's Jeff Bezos is now acknowledged as the wealthiest man in the world. Bill Gates has been dumped south, from the second richest man on Earth, to third-place status. And Elon Musk, who in January ranked 35th in wealth among the 500 billionaires the report names, added $100.3 billion to his net worth in the year 2020, for a total of $127.9 billion, the year that spelled disaster to Planet Earth. That princely sum added to his net worth has brought him to the position of second wealthiest man on this blue planet.

Microsoft Corp.'s Bill Gates's net worth of $127.7 while powerfully rich, has been diminished from the heights it might have reached had he not donated considerable portions of his vast wealth to charity, in giving over $27 billion to the Bill Gates Foundation, since 2006. He appears to have been more than willing to surrender the top spot in soaring wealth in favour of funding research in viruses to rescue humanity from dread diseases.

There are notable differences between Gates and Musk, the former believing in vaccine research and putting his money where his mouth is, as opposed to the values of the latter who questions pandemic data, finding comfort in certain conspiracy theories. And just as urban legend often speaks of the peculiar social mores and twisted morals of the very rich, there are examples that reveal the inner value core of such people.

The COVID-19 pandemic has undeniably made for a poorer world for most of Earth's inhabitants. Millions have lost employment, millions have become ill and the lingering effects of the SARS-CoV-2 virus causing COVID will bedevil some people all their lives, those spared the devastation of more immediate life-taking complications. Governments have had to borrow vast sums in funding to financially support their desperate populations.

Widespread layoffs disproportionately affecting the working class and the poor, poverty is increasing exponentially. In marked contrast to the members of the Bloomberg index having collectively profited by gaining 23 percent (roughly $1.3 trillion-worth) since the beginning of the year when a mysterious pneumonia-like illness began to emerge in Wuhan, China and all too soon spread world-wide to wreak havoc everywhere.

•X, the unknown variable
⚔️
•Æ, my elven spelling of Ai (love &/or Artificial intelligence) •A-12 = precursor to SR-17 (our favorite aircraft). No weapons, no defenses, just speed. Great in battle, but non-violent
🤍
+ (A=Archangel, my favorite song) (
⚔️
🐁
metal rat)


The world's second richest man's partner is a Canadian-born entertainer, sufficiently successful in her career to have made a name for herself, and the owner of her own recording company, Crystal Math Music Inc. Her stage name is Grimes, her true name Claire Elise Boucher, born in British Columbia and an alumni of McGill University. The staff she employs at her recording company applied to a granting agency on her  behalf.

This is a woman, while a reportedly gifted musician and entertainer, lives in California with her love partner, Elon Musk, and their young son whom they named XAE A-XII. Factor, a Canadian arts subsidy program partially funded by the Government of Canada, awarded her a $90,000 grant. She evidently under the eligibility criteria of the funding body seems fully qualified, irrespective of the fact that she no longer lives in Canada, though listed as a Quebec artist.

So a woman with a successful entertaining career who owns her own recording company appealed to a partially publicly-funded arts-grant group for a grant acknowledging her contribution to Canadian entertainment. That she has access to undreamed-of wealth, living with the world's second-most wealthy man appears incidental; she has not hesitated to take the grant and he appears uninvolved with the moral implications.

Among which is the fact that entertainers of all kinds in the world of art are struggling to assert their talents in circumstances where public venues revolving around art and entertainment are now closed off to them, and while continuing to polish their talents in hopes of better days to come, seek gainful employment in the ill-paid services industries in hopes of earning a living to get by current difficulties. 

F.Scott Fitzgerald was right when he penned that throw-away line that "the rich are not like you and me".

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Monday, August 03, 2020

Sincerely Ingenuous

Sincerely Ingenuous

Prime Minister Justin Trudeau  (The Canadian Press/Sean Kilpatrick)
"I knew there would be perception issues around this [family ties to a charity his government chose to distribute a $912-million student disbursement for volunteerism to]."
"At the same time, delivering a grant program to students who volunteer across the country has absolutely nothing to do with any work my brother or mother did with WE [WE Charity], and that's why there was no conflict of interest."
"We [Cabinet] pulled the item from the agenda so that we could be doing the right thing, the way."
"I wanted to push back and really make sure that everyone could say without a shadow of a doubt that this was…the way to deliver the program recommended by our outstanding and professional public servants."
"As Mr. Morneau [Finance Minister] himself highlighted, he apologized and he should not have accepted the elements of that, that were gifts."
"The idea that someone on their personal vacation would choose to support a good cause or get involved in helping make the world a better place is not something that we should reject or turn away from."
Prime Minister Justin Trudeau
"Multiple ministers and senior officials have testified at the finance committee."
"Not one of them said that the prime minister pulled the WE proposal from the May 8 cabinet meeting and sent it back for further scrutiny."
Conservative Leader Andrew Scheer
The Parliamentary finance committee in conducting their investigation into the highly unusual situation whereby a sole-sourced contract for a proposed Canada Student Service Grant was granted to a charity that happened to be supported and hugely favoured by the prime minister, his family, the minister of finance and his family, had invited quite a few individuals to appear before them in friendly question-and-answer settings (through remote video connection). Among others, a number of senior civil servants. From whom came the information that the connection between the Trudeau family and the WE Charity was widely known among them.

That, in fact, this specific charity and none other, catering to youth, inspiring youth to reach out and give aid to other youth in the international community much less fortunate, as well as speaking out against child labour and investing in educational opportunities for children living in abject poverty in developing countries, would be hugely favoured as a result, to be named the beneficiary of a lucrative contract. This was important because the prime minister insisted repeatedly that it was not he who arranged for the contract to be sole-sourced to WE Charity, but the civil service, and he was completely ignorant of their choice.

Until he no longer was, when he was finally apprised of his most favoured charity for which he had himself attended well publicized, popular and crowd-thick inspirational meetings, speaking to the adoring throngs of youth, taken with the message of dedicated volunteerism. Dedicated volunteerism is what the public witnessed when they listened to an enthusiastic Margaret Trudeau speak on numerous occasions to spellbound WE Charity supporters. As did her son, Alexandre, Justin Trudeau's younger brother.

However, they did so to the tune of remuneration totalling a third of a million dollars, where Margaret Trudeau herself banked $250,000 for her 28 inspiring speeches. The prime minister's wife, Sophie Gregoire Trudeau, was another enthused volunteer and spokesperson for the charity. The finance minister's two daughters were also heavily involved with WE Charity, one a contract employee, the other a speaker. This is a charity that has, besides its charitable purpose, a for-profit arm, a real estate arm, a tourism arm, and an associated contract-signing arm separate from the charity itself, but signing for it.

WE Charity excels in extending invitations to wealthy donors for all-expense-paid trips to some of its overseas ventures. Mr. Morneau and his family accepted two such trips in 2017, one to Ecuador, the other to Kenya. By all accounts quite wonderful trips to see the good work of the charity in action, and to stay at luxury accommodation in a truly unique environment for a feel-good purpose. Mr. Morneau is a multi-millionaire. The trips his family took  were estimated to the value of $93,000. Mr. Morneau suddenly recalled, on the eve he was to appear before the finance committee, that he 'owed' WE Charity $41,000 in connection with those trips, and he speedily wrote a cheque, albeit 3 years after the events.

When he responded to questions at the finance committee investigation, Mr. Trudeau gave what he considered to be perfectly valid, explicable responses; among the most salient that his 'talented' family generously gave of their time, and that the connection between their being paid by this charity and the charity being chosen for a prestigious, high-profile vote-getting program was completely above-board. Nothing to see here, folks move on, because the prime minister insists there was nothing unethical; the cause unassailable, everyone involved well-meaning.

There are other Parliamentary enquiries into this situation in the offing. The Parliamentary Ethics Commissioner has committed to investigating Justin Trudeau and Bill Morneau, both for the third time, for ethics violations. On the two previous occasions, both men were found to have gone afoul of Parliamentary ethics. The entire situation is nothing more, nothing less, than business-as-usual for this Liberal government. A finance minister handling Canada's finances and handing out tens of billions of treasury for Liberal government COVID-19-related support to business and the unemployed and students, who cannot keep abreast of his own personal finances.

A prime minister who feels entitled to believe that anything he decides would be in the best interests of the country should go unquestioned, and to that end manipulated a situation whereby a second-tier opposition party agreed to support a motion to suspend Parliament for the duration of the SARS-CoV-2 pandemic roiling the world, until such time as a vaccine is discovered and widely available. Setting the stage for this prime minister to govern like a true autocrat whose decisions cannot be questioned. Had Parliament been fully restored, opposition parties would have been able to intervene in this situation.

The fact that the charity was in deep financial trouble would have been noted and questioned. Its real estate holdings, unusual in size and breadth for a charity would have been noted and questioned. Its default on its banking obligations would have been noted and questioned. Its firing of 400 employees would have been noted and questioned; after all, how could such an ambitious program such as the student grants be administered short-handed? Most telling of all, the resignation of the chair of the WE Charity board of directors would have been noted and questioned.

Michelle Douglas, former chair of the board of directors for WE Charity, appears as a witness via videoconference during a House of Commons finance committee hearing in Ottawa on Tuesday.
Former WE Charity Board Chair, Michelle Douglas 'testifying'
That most other members of the board chose to leave along with the chair should certainly have been a flapping red flag. Michelle Douglas too appeared before the finance committee to respond to questions put to her. She described feeling uneasy and puzzled that upon request and even after pressing, she and the board were unable to obtain copies of WE Charity finances. She was troubled by the precipitate firing of 400 employees which she felt to be completely inappropriate and unnecessary. When, in a telephone conversation with the Kielburgers she insisted on seeing financial records, the line went dead.

Subsequently she was requested to hand in her resignation. “It was our view that you don’t fire hundreds of people without very strong demonstrable evidence, and even then should explore mitigation measures to save jobs", she explained to the committee. "Instead, the executive team were dismissing employees with great speed and in large numbers."  As for payment to speakers, she and the board had been led to believe that all speakers did so voluntarily. "The WE Charity board always understood that speakers were not paid by the charity or the related organizations to speak at WE Day. The board made direct inquiries on this issue."

Co-founders of WE Craig (left) and Marc Kielburger (right) are seen on stage during WE Day California in Inglewood, California, U.S. April 25, 2019. The brothers spent four hours in front of a committee of MPs today answering questions about their role in the federal government's student grant program. (Mario Anzuoni/Reuters)

Marc and Craig Keilburger, co-founders of WE Charity and all its stunningly complicated arms initiated work on administering the controversial Student Volunteer Grant program well before it had been approved to proceed by Cabinet. They had, they explained, been advised by departmental officials that they could feel free to incur expenses related to the disbursement program prior to to being informed the agreement had been formally awarded to WE Charity. Their haste, they explained, had nothing whatever to do with anticipating the $43-million profit that would come their way; they were assiduous in starting for the simple reason that delay would harm the program.

The idea was to get as many university students unable to find summer jobs during the COVID pandemic involved as soon possible, to enable them to have the financial wherewithal to pay for their forthcoming tuition when the university year commenced. And so, they overlooked the possibility that the agreement would not come through and they stood a chance of forfeiting any expenditures on their part, for the greater good of the country, because this is what they're all about; making the world a better place.

"That was a decision that they took because they knew how important it was to get this program going and they assumed certain risks in going forward and starting to spend on a program that hadn't yet been approved by cabinet and would not be approved for another few weeks", explained Mr. Trudeau, in their defence and his own. Ungenerously, the leader of the opposition, Mr. Scheer, responded "Why was WE so sure that they were going to be approved? Why were they told they could start charging expenses before the program was even approved?"

As for Justin Trudeau's forgiving attitude over Bill Morneau's ill-advised acceptance of an all-expense-paid trip hosted by a charity he and his family have generously supported, it's hardly surprising. Given that Justin Trudeau and his family were pleased to accept just such a trip whose invitation was extended by the Aga Khan for them to enjoy Christmas at his private island in the Bahamas. Justin Trudeau innocently described the trip as a gift from a family friend, and couldn't see what the fuss was all about. That was the first time that the Ethics Commissioner issued a rebuke for trangressing Parliamentary ethics when he was found to have violated sections 5, 11, 12 and 21 of the Conflict of Interest Act.

Justin Trudeau, Bill Morneau
Minister of Finance Bill Morneau rises in the House of Commons to deliver a fiscal snapshot as Prime Minister Justin Trudeau looks on, Wednesday, July 8, 2020 in Ottawa. THE CANADIAN PRESS/Adrian Wyld


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Friday, April 24, 2020

Desperate Times, Desperate Solutions

Dr. Eleftherios Diamandis    Peter J. Thompson/National Post/File

"It looks like a crazy idea -- people say 'No, no, no'."
"[But] the isolation leaves billions of people without immunity, and at the end of the day we must achieve immunity one way or another."
"And this is one way."
Eleftherios Diamandis, biochemist, head, Advanced Centre for Detection of Cancer, Mt.Sinai Hospital, Toronto

"[Diamandis's paper] is shocking in that it proposes the deliberate infection of healthy people in the prime of life by a feared virus."
"[But] it's thoughtful and] offers an important idea to discuss."
Juliet Guichon, ethicist, University of Calgary
"I don't subscribe to either of these proposals."
"Infecting people to build their immunity is wrong -- you do that with a vaccine, not with the virus."
Michael Houghton, virologist, University of Alberta
It is a shocking proposal that Dr.Diamandis proposes in his paper posted on his cancer research laboratory's website. This professor of biochemistry has proposed the setting up of special hospital settings and there volunteers could be infected with deliberation, with low doses of the COVID-19 virus, a procedure he proposes would help to build a national protective herd immunity. One that could be achieved a year prior to a vaccine becoming generally available.

The suggestion, provocative as it is, has appeared elsewhere as various countries in lockdown seeing their economies in dire straits have begun to think outside that particular box where the conundrum of keeping people safe, yet re-opening their economies to escape the devastating loss of national financial security has appealed to some. A group in the United States succeeded in recruiting over 2,000 volunteers prepared to be infected by COVID-19 in the interests if rapidly testing potential vaccines.

There have been suggestions that health workers be voluntarily infected to enable the creation of an immunized medical army. An echo of the past where people had been given a limited dose of smallpox in an effort to avoid a more devastating infection; a tactic named variolation. Nevertheless, this is a controversial concept where some scientists and bioethicists warn it would violate basic moral principles of medicine and research.

The base of the proposal is the understanding that the world will never be free of the novel coronavirus threat until enough immunity exists to cut transmission of the virus short. About 60 percent of the population is considered the base required to do so. The world awaits a vaccine to do the job, but that prospect extends into the future; a year, even a year-and-a-half distant. While lockdowns continue and nations see their economies crumble.

Grassroots group 1DaySooner claims to have recruited almost 2,400 volunteers from 52 countries to submit to studies of vaccine efficacy trials which involve a group randomly selected to receive a new potential agent with the other group receiving a placebo. As they go about their normal lives, the immune response is gauged.

Professor Diamandis states in his paper that Canada should pursue social distancing measures as is currently being done while considering the implementation of his idea when and if the epidemic peak has passed, the health care burden lifted and no vaccine is yet in sight. At that point, young, low-risk volunteers could be infected with a small dose of the coronavirus to result in minimal illness, the process leading to eventual immunity.

A note of caution came courtesy of Dr. Ian Mitchell, pediatrician and ethics export at University of Calgary who emphasizes that it remains unclear as yet what kind of immunity COVID-19 infection confers, and how long if it does, it might last.

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Tuesday, May 01, 2018

The Meaning of Life

"[With brain organoids], the closer the proxy gets to a functioning human brain, the more ethically problematic it becomes."
"Given these constraints, the possibility of organoids becoming conscious to some degree, or of acquiring other higher-order properties, such as the ability to feel distress, seems highly remote."
"But organoids are becoming increasingly complex."
Report, journal Nature

"Health Canada should issue public guidance regarding how the AHRA [Assisted Human Reproduction Act] applies to SHEEFs [synthetic human entities with embryo-like features] to avoid an unnecessary chill on promising avenues of research while ensuring scientists are not risking criminal liability for work in currently ambiguous areas."
Panel of ethical, scientific policy and legal experts paper
A donated human embryo is seen through a microscope at the La Jolla IVF Clinic February 28, 2007 in La Jolla, California. Sandy Huffaker/Getty Images
"We actually have to think substantively about exactly what it is about these different anatomical features — or the different stages of development that we’re worried about."
"And how do we draw really clear and distinct lines so that we can unlock the scientific potential of this research, while also respecting moral limits on what we should do."
Jonathan Kimmelman, bioethicist, McGill University 
It could be a nightmare scenario in the near future. One that morality, ethics and scientific care must heed. Scientists at California's Salk Institute, as an example, announced they succeeded in transplanting human brain organoids into the brains of lab rodents. What this means is that laboratory-produced organoids -- balls of stem cells forming an organized cohesion -- have now been exposed to a blood supply, crucial to their further development.

Without a blood supply organoids are capable of dividing and developing only in a limited manner. Grafted into mice brains the human brain tissue has been enabled to develop further, with new neurons firing in synchronized patterns. Imagine the complications and consequences of a human brain trapped within a rodent brain housed in a rodent head and body and this is a nightmare scenario of potentially untold proportions.

Scientists are inordinately curious about what can be accomplished in a laboratory. Producing miniaturized human brains in a petri dish considered to be lab-grown "synthetic" embryos represent another potential combination whose consequences wreak havoc with the imagination. A potent human brain within a hybrid, synthetic body that acts and reacts for all intents and purposes just like a human body designed by nature -- and what is the final result?

Scientists in laboratories precipitate balls of stem cells to gather themselves into organized groups to become structures accurately mimicking the natural process whereby eyes, livers, brains develop in mice. Now that it's been done with mice curiosity wants to bell the cat further by achieving similar results with human stem cells to produce embryos. The goal ostensibly is a noble enough one, to produce proto-organs for the study of diseases, to screen new drugs, to eventually produce new tissues and organs for transplant purposes.

The concern for many ethicists, scientists and philosophers in this issue is what happens when the first human embryo created from stem cells develops? To this point in the experimental process brain organoids are minuscule in size, the largest about four millimetres in diameter, containing two to three million cells in contrast to an adult brain measuring about 1,350 cubic centimetres, comprised of 86 billion neurons alone.

The future of these experiments may not be too far ahead as organoids do become increasingly complex. Neural activity, in fact, was seen in an organoid when a light was shone on the region where retina cells had formed along with cells of the brain, demonstrating that "an external stimulus can result in an organoid response". Now SHEEFs are also being experimented with as more complex and organized assembljes. Rather than producing one organ, SHEEFs combine several.

These synthetic human entities with embryo-like features produce unnatural combinations such as a human-like form and a beating  heart, absent a brain. Though early in development, the question arises whether they fall into the category of experiments requiring protection around their use. A panel of ethical, scientific, policy and legal experts urging reforms to Canada's Assisted Human Reproduction Act feel current prohibitions banning embryo creation for research should not extend to synthetic forms "and likely incapable of developing into a human being".

The panel recommended that SHEEFs be "explicitly excluded" from prohibitions under the Act, that an oversight committee be struck to determine limits on their creation or their use. Published in the journal Healthcare Policy, the paper is one among a series to come out of a workshop funded by the Stem Cell Network. "The law clearly when it was made in 2004 did not contemplate anything like this", health law professor Ubaka Ogbogu at the University of Alberta and the paper's senior author stated.

Scientists argued in a paper published in eLife last year that SHEEPs not be tied to the 14-day rule where research is limited by prohibition to the period before the appearance of the "primitive streak" (a band of cells that mark the beginnings of a central nervous system), scientists should list a catalogue of features aligning with "moral status", yet it remains unclear which features could qualify and how to test for their presence.

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