On the last question about a periodic review, I understand it's been offered as a suggestion, and this is a matter for debate. The bill doesn't have that provision in it, and I imagine that can be debated in respect of this enactment. I wasn't there in 2001, so I can't directly speak to the experience between then and now.
I would only add one point of context. Some of this has to do with the places where some of the reform is unfolding. In the area of securities law, and particularly shareholder democracy, we see very active engagement in the provincial securities exchanges. In our country, we have this debate being carried out at multiple levels—provincial statutes, the securities exchanges, corporate statutes, the federal level. I would say that this change and this act intend to bring diversity front and centre, diversity in its broadest possible sense, as a policy objective and as a conversation between shareholders and the management and directors of the company.
The intent is also to bring shareholder democracy forward, and in particular to bring forward the majority voting standard. Those are the two big-principle policy aims of this enactment that are trying to move things forward at the federal level. What you will see over time is the interplay of things between the federal and provincial levels. Obviously it's a question for debate. Should there be more going on at the federal level at various times? That's something people can comment on.