The answer is not that it matters, but as a matter of financial and legal controls they need to know and approve. Do they care? They probably are delighted, but also want to get all the paperwork set up to avoid problems.

The space this comes from is the legal undue influence side where they need to give notice to shareholders about potential conflicts of interest, and it needs to be in the form of having a clear positive audit trail that they have told people to follow a clear policy with no grey area so that any deviation is an accident not willful failure to get people to tell them.