Okay. I'll try to do it in a minute. It's a huge question, really important question on board effectiveness.
Page 48 and onward in our sustainable investing report, which is online, goes through all the reasons why we think gender diversity is a really important issue for company performance. We've analyzed this from a quantitative point of view. We've done meta-analysis. We've done our own quant portfolios, and we believe this is a real issue.
Therefore, we began voting against this a couple of years ago in Canada. We've extended it now across the world, and we've been pretty pleased. It has been a real success, not just us but all the movements. It's just terrific to see that real progress has been made in Canada. As of December, 30.4% of TSX 60 board members were women, in the TSX composite, 27.6% are women. So progress has been made—not full progress, but it's still terrific—and we hope that continues around the world.
To the specific question of what excuses we will accept, it's not an excuse that we can't find anyone or there's no expertise in this sector or anything. It may be that there is a particular board limit and there will be turnover in a year or two and therefore they have their eyes on doing it at that point and it's just impractical for them to do it that year, for example. But we're not taking the weak excuses as an answer.