Information & Ethics committee  About 140 companies were in pretty dire trouble. These were all pre-revenue companies. At the time the board was looking at these payments, the board sought legal advice. Because the funding was for the existing portfolio and not for individual projects, there was a declaration that the conflicts had already been declared.

Information & Ethics committee  The board considered the—

Information & Ethics committee  The COVID payments were made as a portfolio of companies. All the conflicts were assumed previously declared. Part of that—

Information & Ethics committee  Again, we took the position that these COVID payments were broad. It was an operational issue.

Information & Ethics committee  The minutes of the March 20 board meeting demonstrated this and—

Information & Ethics committee  I believe I moved the motion.

Information & Ethics committee  It wasn't a decision I—

Information & Ethics committee  I took the advice of my lawyer.

Information & Ethics committee  I took the advice from Osler.

Information & Ethics committee  He was.

Information & Ethics committee  He's a member.

Information & Ethics committee  The board sought legal advice on how best to proceed during the COVID payments.

Information & Ethics committee  Because funding went to existing portfolio companies where conflicts had previously been declared—so they had been declared—and because no company received preferential treatment, the legal opinion—

Information & Ethics committee  The legal opinion was then received with no conflicts—

Information & Ethics committee  It was Osler.