I think what that illustrates is how difficult it is to regain public trust once it's lost. Certainly that's our experience in the corporate sector, where the fact is that there were real abuses. Those abuses had to be addressed both by legislative and regulatory action, which took place, but also by a much stronger focus on governance issues in the media and a much stronger focus amongst institutional investors at the board of directors level and at the management level.
We've had four years of experience now in dealing with that. I don't think anybody would argue with the fact that significant progress has been made; the laws are stronger and are being enforced more rigorously. Governance practices themselves at a company-by-company level have continued to improve, with a process of continuous improvement going on. If you look at annual reports like the ranking of governance practices in The Globe and Mail, you see companies working year after year to improve themselves in terms of the practices of good governance.
But I think it is fair to say there is still a lot of mistrust of business leadership and that this is very much a work in progress. Certainly, nobody I know in the business community is saying the job is done in terms of corporate governance. I think the crisis of public governance is more recent, and therefore, whatever bill is passed by this Parliament, there's still going to be a lot of work to be done, and it will take a long time to rebuild public trust.