Thank you, Mr. Chair.
Ms. Verschuren, the Auditor General's report found that the conflict of interest policy for directors at SDTC did not comply with the SDTC act. Specifically, it did not comply with respect to subsection 12(2) of the act, which states unequivocally that board members shall not “profit or gain any income” from the foundation.
You were the chair of the board. Can you explain how the board adopted and maintained a conflict of interest policy that did not comply with the SDTC act?