Those unresolved allegations now become one of the first major tests for the newly appointed PIC Board chaired by Seiso Mohai. "The court has made an important pronouncement ... that the PIC is an important institution in this economy. You can't simply willy-nilly destabilise it and chase the CEO away because it has the potential to destabilise the entire economy." By the time the matter was heard in court, the Board members had resigned and as such there was no one to instruct the PIC attorneys to represent the PIC." The Black Business Council has backed proposals to amend the Public Investment Corporation Act, arguing that politicians should no longer serve on the PIC board and calling for an independent chairperson with investment expertise.