Thank you for that. I appreciate it.
I know I have only a few moments left, so I want to now go to apparent conflict of interest.
One of the challenges we've had is with definitions. For example, in the code there is a provision that talks about apparent conflict of interest involving friends. The definition of “friends” has always been a challenge for this committee. What constitutes “a friend”? Is it a casual acquaintance or someone you've been closely associated with for 25 or 30 years?
In your act, you say: For the purposes of this Act, a member has an apparent conflict of interest if there is a reasonable perception, which a reasonably well informed person could properly have, that the member's ability to exercise
And it goes on.
How do you define “reasonable perception”? Who determines that? Who is the arbiter of that? One could certainly argue on both sides of the issue, that you did or did not have a reasonable perception. How do you get around the fact that many times there's no precision on definitions that relate to conflict of interest?