There is a code of conduct for lobbyists. When interpreting that code of conduct, I try to determine not only whether there truly was a conflict of interest, but also whether there was a perceived conflict of interest. That approach is in line with the directives issued by the Federal Court, which clearly indicated that genuine conflicts of interest were unacceptable and that it was important there be no perceived conflict of interest.
For instance, if an individual was trying to raise $20 million and was then going to do lobbying, we would have a problem. According to the Federal Court and my own interpretation, such activities would be negatively perceived.