The head of a federal investment-promotion agency — and former national director of the Liberal Party of Canada — resigned last week from the board of a holding company specializing in cannabis after he received an order from Canada’s ethics czar.
The order was issued against Ian McKay under the Conflict of Interest Act on Jan. 15. Conflict of Interest Commissioner Mario Dion alleges McKay failed to disclose all of his outside activities within 60 days of being named CEO of Invest in Canada.
Dion’s order says McKay’s role as a director with the Nesta Holdings Co., a private equity firm that invests in the cannabis sector, was no longer allowed after the Trudeau government appointed him to lead Invest in Canada in March 2018.
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