If the applicant for an operator licence is a corporation, the past conduct assessment includes which individuals?

• A. Officers
• B. Directors
• C. Any other individuals owning or in control of 10% or more of the equity shares
• D. All of the above

Answer: (D)

When a corporation applies for an operator licence, the past conduct assessment looks at the people who actually influence how the business is run. Officers are the executives who manage daily operations, and directors oversee governance and policy decisions; both play a direct role in running the company and ensuring compliance. In addition, anyone who owns or controls a substantial portion of the company’s equity—typically 10% or more—has significant influence over strategic choices and financial resources. Because these individuals can affect safety, regulatory compliance, and integrity, their past conduct is relevant to whether the license should be granted. Therefore, all of these groups are included in the assessment, making the option that covers officers, directors, and substantial owners the most comprehensive and accurate choice.