 Welcome back to corporate governance and we were talking about the future of corporate governance. We are coming basically to the end of the module and we are talking about what has to be done, how it should be done, what is the best possible way, what are the different options. We looked at two options and also another option that we created was combining both of them together. Today we are going to look at two more options and see how these options can also be implemented. One is definitely based on the circumstances which is the best option forward. Already we are seeing that in the past about 20 years there has been a very big difference emerging in the corporate governance models, many new aspects and dimensions being added, especially the social and the environmental aspect which is of the gravest concern right now at a national and global level and again the survival of humanity and the survival of business itself is at stake. If humanity as a whole, the world, different economies and different corporations do not get together to find an early solution to this unpredictability and also the devastation which is taking place due to these uncertain weather swings and these environmental disasters which are now becoming a regular feature on the annual calendar and again great uncertainty and great fear which is emerging from them because the intensity of these devastations is also increasing and creating havoc within communities and also within societies at a national and at a global level. Now ladies and gentlemen, if we look at option number three then an improved variety of governance systems in which there is weak convergence but some learning from each other between the different national systems. So another option could be that due to weak convergence, the other first options were basically based upon strong convergence. Now the third future is that there is weak convergence and based upon that weak convergence we see that the different systems and the different models learn from each other and based upon that learning they can create different national systems, can create different frameworks of corporate governance but would have that adaptability and flexibility to basically assimilate and welcome foreign businesses from around the world so that there is a lesser state of ambiguity and more clarity in ways of doing business and on ways of governing business in each country. If we look at the fourth option or the fourth future is set of viable distinctive governance systems based on distinctive institutional complementarity, each having a unique identity and capability now these two systems are right now in play. In this fourth future what we are talking about is that we are looking at the different institutional complementarities which basically can complement each other and yet retain their unique identity and dependability and then enforce them at a national and global level to ensure that global and national businesses can go glove in glove and dovetail together for better results. So again ladies and gentlemen what we have seen in the past two sessions and this particular session is different options for the future of corporate governance but one thing is certain that the future of corporate governance has to change. It has to be merit based, it has to be non-discriminate, it has to be pragmatic, it has to be incisive, it has to be clear, simple and implementable and most important there has to be a regulatory authority of body which is overseeing all of this and ensuring that different corporations do not take advantage of their size, of their capacity or of their stature whereby they can undermine not only competition or national economies but also the global economy. There has to be a fair playing field for all the corporations and that can only be done through a better globally accepted international corporate governance framework. Thank you so much.