Could I add one supplementary piece of information?
We were given instructions to be very broad in what we considered a conflict. If we declared a conflict, it wasn't necessarily because we had a financial interest. It could have been because we knew someone at a company. In two instances—for me, at least—it was because I had looked at investing at some point in time in the previous five years but chose not to.
A lot of those conflicts do not relate to direct investment.