Thank you, Chair. Thank you to our witnesses.
Professor McCuaig-Johnston, I recognize that the investment board of the CPP is independent and I don't want to get into the particulars on that, but I think it's important to put on the record that it does not operate at the dictates of the Canadian government.
I do want to delve into some of your remarks. Hopefully you can build upon them by giving us an understanding of what other countries have done in terms of their investment boards with respect to pensions or other ways of investing that you think Canada should look at. We recognize, of course, that in other countries too, in democracies, investment boards operate independently.
Do you have thoughts on other models?