Katie, could you touch on the benefits of MIPs for us, please?

Absolutely.

Thanks, Rob.

So fundamentally, participating in a MIP gives the manager a stake in the business, gives them skin in the game.

And as George has alluded to, it gives the key personnel an opportunity to share in the business that they are helping to build.

It's a really important recruitment and retention tool.

So by offering a really competitive package in relation to their equity compensation, it kind of puts the company at a really competitive place in the market and allows them to attract the best talent long term.

Well, that's a lovely lead in then, Katie, to our next question, which is, are there any particular considerations in relation to MIPs in the MGA context?