 Bismillah-e-Ahmad-e-Aim and Aslan-e-Kam, everyone. Last time we were talking about corporate governance and institutional investors. Today we're going to take that discussion a little bit forward and we're going to talk about the different factors affecting institutional investment decisions. So, in our last session we talked about the fact that whenever institutional investors are taking decisions, it has a huge impact on the organization because they are controlling a large sum of amount of shares. And secondly, they can extricate themselves or they can further invest in that company. So, therefore, the board gives a lot of consideration to the institutional investor and many times there are institutional investors who are also on the board. Now, there are different factors which affect the decision making of institutional investment and let's look at those factors today. Well, the first one is the most important one and that is financial results and solvency. The concern of any investor. This is the most important factor among factors such as an upward trend in earnings per share and profits, a healthy cash flow and a reasonable level of dividend payment. So, these three considerations in the context of financial results tend to simplify the primary interest of the institutional investor. And therefore, it is very important that organizations cater to these requirements so that their institutional investor does not leave them and actually invest more and also tries to attract more institutional investors into the financial framework of that particular organization. The second one is also related to that and all of these are considered indicators of the financial health of the organization and therefore, a consistent dividend policy is of less importance. So, even though many times we feel that maybe that policy of consistency is very important but not so, actually a growing policy is much better and again those different indicators which the investor looks at is beyond these and therefore, the board and the top management must cater to all of these particular requirements. In the context of financial statements and annual reports, the extent of disclosure is very important. How much of it is? What is it about the company strategies? The financial position of the organization and again how is it that it tends to indicate the public's emphasis on profitability and optimization of revenue. So, that becomes very important. There should be a comparability with the international IFRS standard and that is again a very important consideration for the investors. Why? Because if the company is non-compliant then there can be window dressing then there can be also duality or multiplicity of accounts which would tend to create apprehensions within the institutional investor and therefore, to ensure that those apprehensions do not come compatibility and comparability with IFRS would be considered to be an asset and a selling point for the organization in the context of institutional investors. Composition and quality of a board, well that is another area where these institutional investors have a lot of influence because they want to have a high quality board so that the whole organization can benefit from that particular board and again they can also be a direct concern or direct influence about independent non-executive directors on the board. So, all of these different considerations are actually a part of the decision-making process of these corporate investment investors. Now, different corporate governance practices, they look at investment decisions how auditing compliance should take place, disclosure, transparency and board processes. So, all of these tend to further augment upon the workability, profitability and the sustainability of an organization and these institutional investors would base their decisions based upon all of these things especially when we talk about disclosure, transparency and the board processes. So, all of these become very important and these all translate to further reinforcing the corporate image which enables the investor to take a decision in favor or against that particular organization and this ultimately goes down to the share price because the investment decision is based upon the share price is it going up, is it going down, is it stagnant, what are the different factors affecting the share prices and how are the shares basically performing in the stock exchanges. So, these are all very important for the institutional investors and their decisions are taken based upon these different factors, these different elements, the board, its constitution and its structure, its way of decision-making would be affecting the final decision-making of the institutional investor. Thank you so much.