Mr. Nicholson, one thing that Justice Cromwell stated in his report, on page 95, was this: “Both the [National Equity Fund] and the [Insurance Rate Stabilization] Fund are used for purposes that are not fully disclosed in the financial statements.” This phrase “not fully disclosed” speaks of secrecy, rather than transparency.
You stated that, as CEO, your goal was to make yourself transparent and financially accountable. Why didn't you fully disclose the need for this fund?