Thank you for the question.
At the time, the first contract in 2018 was, as I said in my opening remarks, really tied to investment criteria. At the time, as Mr. Cory explained, there was one individual. The board had received direction from the minister in the form of a statement of priorities and accountabilities to inform the drafting of the corporate plan that really, then, would provide the CIB with the authorities necessary to start receiving investment proposals and make investment decisions. That contract was to help the board in working in the definition of “investment criteria” to then inform the drafting of that corporate plan.
McKinsey was never hired to provide advice on procurement policies generally. At the time, there was an interim procurement policy that was adopted, and it was formed, really, to provide the framework in place to make these initial decisions with respect to procurement activities, to help accelerate the bank as part of its start-up activities. That interim procurement policy was then updated once the CIB was stood up, and there were more resources that had joined the organization.
I joined in November 2018—