Ms Fiona Cullen:

I might respond on the issue of serving for nine years out of 15. As Mr. Brennan stated, there was extensive and sometimes heated debate at the commission table on this subject. The World Council of Credit Unions, WOCCU, for which Mr. Edwards works, is the global authority on credit unions. I do not want to go too far into the discussion, as there are confidentiality obligations concerning what occurred within the commission. However, when the issue was brought to the table, we indicated from the start that we had serious concerns and our belief our member credit unions would also have serious concerns. Some of the debate then focused on the model laws and regulations proposed by the WOCCU. The world authority recommended term limits as a good measure. Mr. Edwards flew from Washington to join us today to set the record straight, as he has done. The WOCCU's position is not as it was understood to be during the commission process. On this basis, we want to revisit the matter.