Mr. Eugene Sheehy:

Chairman, you'll see from the board minutes that there was in almost all board meetings a business presentation. What we tried to do, given the diversity of the business, was to bring a business to the board every month and say here's this business this is how it's going. So all the businesses were run through, you wouldn't get through them all in one year, what their strategy was, what the market conditions were and that included a property business as you know there was ... they did two or three of those presentations. So the board wanted and demanded to meet businesses and to get a strategic view of where those businesses were going. So that was an ongoing process and part of the planning process. In relation to the overall strategy of the board ... the board obviously got the annual budget and it got a rolling five-year plan as well and to some degree they were linked to remuneration.