Thank you very much. I appreciate your presentation.
Look, this whole CSR thing has been developing over the last decade or so in a significant way, and everybody agrees that there is a need for CSR principles. But we have UN principles for responsible investigating that have been developing. You have the IMF guidelines, out of which come the Equator Principles.
Canada, I think, is recognized as a leader in these realms, but because we are probably the largest participant, we're also, I suppose, a target for those with grievances, shall we say.
But Canada's approach—I wanted to ask you to comment on that. We have the four approaches here that we're taking right now and that we alluded to just briefly here. With the four approaches, there's the new centre of excellence that's being developed; ongoing assistance to CIDA to develop governance in the developing countries, governance capacity and regulatory capacity, which is lacking in many developing countries, obviously. There is promotion of these internationally recognized standards. We're interested in continuing to promote that. And finally there is our CSR counsellor. She was just here at our last meeting, has just been appointed, Marketa Evans, a very skilled, knowledgeable person in this area of CSR development.
But one of the criticisms is that it's voluntary participation in this process. You know, your participation is voluntary, and that somehow is portrayed as a severe weakness. Can you imagine a scenario where a company refused to participate with a conflict, with a situation that was attracting attention, where there is a significant problem? Can you imagine a scenario where a company would not be interested in participating in that CSR process, at the risk of public censure when results of her reports are made public? Obviously that would be a very significant incentive, I would think, to participation. Would you care to comment on that?