Mr. James Menton:

In a partnership with three partners, it is reasonable to have equal representation on the board and to have individual representatives of the three partners rotate the chairmanship from time to time. That is fair, reasonable and good governance.

There are important reserve powers in the constitution of the NMH at Elm Park DAC. This has not been emphasised at this meeting, but I will draw attention to them. They are bespoke. There is also a golden share.