I welcome our witnesses, and thank you very much for being here.
I assure you that despite the gradual reappearance of our committee members today, they are going to be reviewing your briefs in detail. In addition, they receive transcribed copies of all discussions and presentations. I want you to understand that.
You probably understand the process better after this morning's theatrics than most of our presenters. It's somewhat unpredictable here.
In any case, I welcome you. Thank you for your time in being with us today; it's much appreciated.
We'll move right into the presentations. I will signal when there's a minute remaining for you and when there's less. I will cut you off at five minutes.
We'll begin with the Investment Counsel Association of Canada. Thomas Johnston is here.
Welcome. Please proceed for five minutes.