Commenting on the transparency provisions for performers and authors, Helen Smith said: « Our members are proud of their relationship with artists. » More than two years ago the independent sector adopted the Fair Digital Deals Declaration supporting transparency and proper remuneration for artists. « Further work is needed to ensure the contract adjustment provision does not go beyond its original intention. We need to be able to maintain our current levels of investment and risk. This is important because 80% of all new releases rely on investment from independent music companies » commented Helen Smith.