 In the past few sessions, we have been talking about the role of different committees, the different reports, the combined report, how we see that there is a little bit of difference between the systems and the processes and the procedures which are prevalent in the UK and the USA, and how the implementation of the combined code can be ensured and enforced within a particular organization. So what we see ladies and gentlemen is that another very important aspect in all of the sessions that we've been conducting is the role of the audit committee. And again, this audit committee becomes a very powerful institution within a corporate structure and its role basically is very fundamental in the rollout and the assurance and insurance of the corporate governance, tribulations. So this audit committee has a pivotal role in the whole corporate governance structure which exists within organizations. Now what we see is is that ladies and gentlemen that the audit committee, all members are independent non-executive directors, INEDs. And most importantly, the chairman of the audit committee should be an INED, that means an independent non-executive director. There can be one member of the committee at least should have financial expertise and outside professionals can also be hired if necessary, if we see that the members of the audit committee do not have the level of professionalism, do not have the exposure or do not have the accounting and the auditing regimen or understanding within them. So those outside professional experts could also be hired to ensure that the functioning of the audit committee is done in a proper way without compromising upon accountability and transparency. Now, responsibilities basically include oversights of financial reporting, liaison with external auditors, ensuring regulatory compliance, monitoring the internal control processes and oversight of risk management. So again, like we have been talking in the previous sessions that there are various aspects of the corporation or the corporate body or institution which need to be regulated and also reviewed on a regular basis. So the most important thing is the financial reporting which is seen by the committee. Also the fact that the internal auditors cannot work in total isolation but they can liaison with the external auditors with the help of the committee, ensuring regulatory compliance across the board in all the segments and amongst all of the stakeholders, monitoring internal control processes, very important not only financial but like earlier said, all internal control processes have to be monitored by the committee and then an oversight of risk management to ensure that the future of the organization is more stable and more predictable. The terms of reference basically that are stipulated are that there should be measures for protecting the assets of the organization, there should be review on a quarterly, half yearly and annual financial basis. The external auditors should be facilitated by the audit committee, there should be assessment of management letters and also guaranteeing three communications. So all of these things have to be ensured by the committee to ensure better functioning, better working, better performance, better productivity of the organization on a long term basis by again minimizing risk and optimizing performance. Another thing that we see is that there are certain best practices and that basically is about managing its own agenda, the frequency of interaction between the management, regular executive sessions and regular evaluation. So these different best practices ensure that the audit committee works in a better way and that it is further strengthened and reinforced in these key areas. The best practices have been established in different regions and based upon those best practices these are the areas which the company and the board and the audit committee must be functioning in the most optimal way so that there is longevity of the organization that it is looking after. Thank you so much.