Mr. Chair, if I may respond, when we looked at compensation, and you've raised a lot of different issues in your observation. Suffice it to say that our expectation is not always that the CEO be the highest paid individual in an organization. Although that should be a driving factor, this alignment is also one of the considerations, given that the Governor in Council has the right to set the compensation of the CEO, but it is not necessarily a given that everything falls nicely in line.
What was unique in this situation as described in our exam is that things were in a bit of flux. You had a previous arrangement in which the GIC salary had been established. That was changed after the board had taken a look at how to staff and compensate the new employees. What was of importance for us was the need to have a conversation and engage in an understanding about what was happening and why it was happening so there would be a clear understanding about decisions that were being made in relation to VPs, for example, below the CEO and the CEO's compensation.
This has also been raised in previous special exam reports that we've examined in other crown corporations. It's also an issue that is likely going to come up in some that have recently been tabled in the last few days. For us, this is an issue with lots of moving parts in the entire issue about compensation of senior executives in organizations, and ultimately for us, we think improved transparency is an important aspect.