On the issue of cost, the private companies covered by the section are often family businesses which have selected board members for various purposes, as required. While they may not fit into this category, they do not have outside shareholders. The new section stipulates that companies of a certain size must comply with the requirement to establish an audit committee and seek non-executive directors who fit into this category, whether one wants them. The only reason they must be appointed is for the purposes of establishing an audit committee. Compliance with this requirement would add considerable costs for companies as it would not be easy to find non-executive directors who would act in the manner stipulated in the Bill because it would impose a burden on them.