Thank you both for being here.
Mr. Nesbitt, I want to talk a little more about boards. We have a bill before Parliament right now dealing with diversity on boards. It is the “comply or explain” type of model that you had mentioned. When the Ontario Securities Commission talked about “comply or explain”, they only saw 1% increase in the number of women on boards. When that report came out, there was an article on the Ontario teachers' pension fund having called for three women on boards or the company would be delisted. That was their suggestion. You don't sound like you're a fan of mandatory quotas. It seems like “comply or explain” doesn't necessarily work. It's been used in Norway. You mentioned that it's also been used in France. Do you have any comment on that?