Mr. Stephen Mulvany:

I cannot make any direct correlation between them. We should not forget that the purpose of a board is to operate both internally, in other words, to face down into the organisation, and externally. Would things have been different across a number of fronts if there had been a board? I am sure they would? Would that have been better? Government policy is to the effect that we should have a board. That this seems to be appropriate. If I go very much further, I will end up commenting on policy.