Thanks, Mr. Chair.
Thanks to everyone who has joined us in person and on screen.
I have a question in regard to distinguishing governance through laws versus regulations. On comply or explain, I think we'd have some explaining to do in terms of our own governance. It's great to have MP O'Connell sitting beside me. Finally we have a woman sitting on our committee. This committee itself doesn't have diversity in terms of gender—or age, when it comes right down to it.
The legislation is being set up to give some very firm direction, and then regulations are more nimble in terms of the pool and so on. Could you talk to us a bit about governance and what role legislation should play, versus regulations?