So they have been talking about it for a long time. It makes crystal clear what the expectations are. That is good information for other stakeholders. It is good information for management. The divide between management and directorship is preserved. I think Mr Robertson's letter is an exemplar of what a good letter should look like to an SOE, and as the Minister of SOEs I have studied this letter previously, because, of course, I am in the process of sending out similar ones to SOEs, as has been done for decades. The SOEs have been required to have letters of expectation. That has been done by Ministers of all stripes. There is nothing new here, other than laying out a slightly clearer agenda, as Minister Robertson has done, to make sure that the majority shareholders' interests are clearly presented and represented on behalf of all New Zealanders.