Thank you, Mr. Chair.
Thank you to all the witnesses for being here today.
My first question would be to Ms. Warmbold.
It's my understanding that the six top people at the CPP Investment Board had bonuses in the order of $10 million, not this past year but the year before. I know you can't give a precise number, but given the return in the first three-quarters of minus 13.7%, can you say what impact this is likely to have on bonuses?