I would add that the current funding councils do have strong mechanisms of accountability. There are funding opportunities that currently exist within the councils to facilitate exchange between science and industry, or even science and the not-for-profits.
Sadly, something fraudulent or inappropriate could happen in any sector, so it is important to have the accountability and transparency of those grants that are flowing through, typically, academic institutions. Those mechanisms exist and we would hope that those mechanisms would indeed be adopted and enhanced by the capstone, so that there would be the best assurances that the investments are flowing in the ways that they're expected to.