Time is a bit of the essence. I see that the panel is prepared, and we have a quorum of members, so I'd like to get started.
Welcome to the panel. I know the clerk has made it clear that there's an opportunity for a maximum of five minutes of introductory comments. The clerk has suggested that I indicate to you when you have one minute left, so that it's not a sudden stop.
We are prepared, so if the panel members wish to make their five-minute address, we can start with Mr. MacPherson.