Mr. John Treacy:

From what I gather, the accounts are not ready. I am not sure if they are in draft form. I believe there was an issue with Deloitte getting in there and doing the work. Those issues have been overcome and Deloitte is now in the process of doing its work. When those reports are available the full picture will be on the table as to the possible liabilities the association may have. This may show up pieces that are embarrassing to the former board. It is our articulated view that we would prefer if no one from the board would stand and there would be a new beginning.

There is a big piece here around restoring public trust. I go back to that because it is really important. We are on a journey. Very good work has been done on the reform agenda on corporate governance and I do not want to lose sight of that. The past is also being dealt with and a number of investigations are under way. For example, KOSI is doing an internal audit and Mazars is doing its piece. The full picture will not emerge for a number of months. I do not believe it will reflect very well on the association. It would be better if we had a new beginning and a new face for the FAI. One has to depend on the membership of the association to step forward. We are not seeing that leadership emerge, which is disappointing. That definitely needs to happen.