Industry committee  I looked at the companies we vote for, and they are all annual elections. Every company we voted for in Canada has an annual election. There are no staggered boards that we've voted for.

Industry committee  Again, I think it's important for directors to be held accountable. I think if directors are doing their job, then they should hold themselves accountable on an annual basis. In my job, I hold myself accountable all the time, on an annual basis. I don't see any real difference. I

Industry committee  We expect them to have a long-term vision. We encourage that, and it's something we want them to have.

Industry committee  We've always taken a view that regulations really form the minimum standards. If you look at our proxy voting guidelines and our corporate governance principles, which are available on our website, and look at what we're doing there, you'll see that we're asking for things beyond

Industry committee  Are you saying that the person was...?

Industry committee  Why was that? Was it because they wouldn't leave?

Industry committee  Okay. Well, I think majority voting would help in that regard.

Industry committee  Yes. From our perspective right now, it could have a lot of people jumping in as we get in, and then—

Industry committee  On the price of it, yes. People will think that if Ontario Teachers' is doing it, then why shouldn't they?

Industry committee  It's our competitors as well. Investing is a bit of a competitive game.

Industry committee  I can't comment on that. I'd have to talk to our legal people.

Industry committee  Looking into the future, I guess that's possible. I'm not sure. I can only speak for Ontario Teachers' as to how we exercise a director vote. We take a lot of care when we do that vote. We voted against directors, I think, around 3% to 5% of the time in 2016. There are a lot of

Industry committee  From our perspective, we have the option in Ontario to be what they call an “objecting beneficial owner” and can remain private from the company. That's something that is offered in the Statutes of Ontario. As long as we have that available to us, we will take advantage of it,

Industry committee  Thank you for the question. I think my comments were that gender diversity is a good place to start. We embrace all forms of diversity. We do not limit it to gender diversity, but we think that to get companies and boards and senior leaders to start thinking about diversity, le

Industry committee  We support diversity in all its forms. When I talk to a company, I ask them about diversity. When I assess a board of directors for a corporate governance vote, I look at diversity.