Public Accounts committee  No, I was not.

Public Accounts committee  I'm not sure it makes a difference—

Public Accounts committee  To be fair, we wouldn't have been aware of any of that at the time, but also, I must say the story—

Public Accounts committee  Well, because there was a perception.

Public Accounts committee  I haven't really changed my view. I don't believe that sort of inclusion would be constructive or necessary. As I said in my opening comments, I have promoted the idea of an independent outside review of the donation. We're talking here of $140,000 in a foundation whose current capital is over $145 million.

Public Accounts committee  There was an argument. There were allegations—quite unfair allegations.

Public Accounts committee  No, I'm sorry. I don't believe there's a lack of transparency on our part in any way. We've been quite transparent at the foundation about this donation and about the circumstances surrounding it. We've returned the donation. What's left to inquire?

Public Accounts committee  If I may, I think what we should do that would be constructive would be an independent outside review of the circumstances—of all the circumstances, as I said in my note here.

Public Accounts committee  There were allegations—

Public Accounts committee  —that were very unfair. I must say, as I've said over and over again, this is very unfair. There was a donation and the receipt of a donation in 2016, negotiated in 2014 and 2015, received in 2016 and 2017—

Public Accounts committee  That is indeed the role of that committee.

Public Accounts committee  It's important to remember the words spoken by the legendary Warren Buffett a few years ago: “Audit committees can't audit.” The role of an audit committee is not to study every expenditure, gift or detail. It's also worth noting the difference between the role of the management team on the one hand, and that of the board of directors on the other.

Public Accounts committee  We were told that amount back then, but I can no longer recall it. I believe it was between $1 million and $1.5 million.

Public Accounts committee  No, in context, it was a very small amount. It comes to a small fraction of 1% of our endowment fund.

Public Accounts committee  Right.