Thank you.
I'm very confused here. From a governance perspective, your report seems to imply that if you declare a conflict, because they followed their rules, then somehow that's not an issue, when it's clearly an issue with regard to the SDTC act, which says that “no director shall profit or gain any income or acquire any property from the Foundation or its activities.”
When you have almost half the transactions, almost half the money, going to board members in companies they have a financial interest in, it doesn't really matter what the conflict of interest policy of the board is, does it? What matters is the act, and breaking the act of Parliament.