Dr. Una May:

I will keep it brief in regard to the 163 recommendations. We believe that 97% are now complete so we reiterate that there has been ongoing progress, even since the original 10% that the Deputy refers to. While I am not sure what date that was, this has been ongoing and we will continue to monitor it. The organisation has come from a very low base to what we believe to be quite a solid base. We have ongoing questions that we will need to continue to monitor, and we intend to do so.

We will report to the Minister with a full overview on the MOU. In that, we will give a very clear indication of all the steps and recommendations within the MOU. These have involved everything from the starting point of appointing a company secretary and constitutional reforms to risk management, independent directors and the establishment of an audit and risk committee.