I refer you to note 16 in the 2013/14 Annual Report for further details in this regard. You have been advised that this year the Panel selected only one candidate each for the non-executive director vacancies in the mining and labour sectors. This was due to the fact that very few nominations were received from the public in these sectors.
Turning to refinancing risk, you have sought to spread the auctions for refinancing adjustable-rate loans over the year as we agreed. This means that a smaller bond volume is refinanced at any given time. So if an auction is a failure and the number of investors is insufficient, this situation will be easier to manage.