Mr. Michael Walsh:

And they were looking for, you know, what I would describe as a chief operating officer, right. In terms of the non-executive directors, quite frankly, the conduct of the Central Bank and the regulator made it virtually impossible to attract people. It was only in, you know, kind of 2008, really, that it was possible because sort of game playing that had been going on at the annual general meeting for years, which the Central Bank could have cut out, decided not to cut out, made it ridiculously difficult to actually get people to join the board. I mean, who ... I mean, you're all used to elections, but the reality is within the business community, why would I put my name or reputation on the line to actually go into what was effectively a complete bunfight at an annual general meeting in terms of who would actually get elected? I mean if you go back and look at the conduct of those meetings, what was actually being required to be proposed, I mean, basically some of the proposals that were being required to be considered were to actually loosen lending standards.