But this is not just a shame because of the damage it does to Air New Zealand. Yes, it is true: it is wrong, it will harm the quality of people who want to be on and remain on the Air New Zealand board, and it will affect the value of the company and its operation. All of those things are true. But it is worth remembering that the SOE model is applied to Air New Zealand amongst a number of organisations, and there is quite a range of them. There are some very important businesses in the electricity generation space. Now, we have a major issue with electricity generation right now. There is a shortage of electricity. Prices are high. It is threatening the deindustrialisation of New Zealand. We need quality governance in the generation and "gen-tailer" space if we are going to have a competitive energy market that is also going to achieve the objectives of more environmentally friendly electricity. Those were some of the big SOEs.