Not the impression I had. The question was asked from the floor as to the justification for a fee pool increase (which the NZSA was voting in favour of) so just came up with reasons. Directors do have a lot of skin in the game and have been very hands on the last 3-5 months since 3 of the board effectively were removed. There have been changes at mgmt level too so directors are in almost daily contact with each other and 2 senior mgmt members. They are also not looking to raise their own fees and John Southworth the chair made a commitment not to do that, but the increase will allow room for another director to come onto the board. A move that I welcome.