 Hi everyone, this is Audrey Thang, Taiwan's Digital Minister. I'm very happy to be here with you virtually to share with you some thoughts around the legalization of benefit cooperation. Back in 2014, the administration at the time started the year of social enterprise. At the time it was the broad dialogue with the academia, with the voluntary sector, with the private sector on exactly how should we further each other's social innovation and social missions. So at the time the administration did not put any particular legal strategy into the action plan. Rather it was to look at the regulations at the time and work out how exactly can the government respond to the actual social needs. And it was really successful and the result was a great diversity around all forms as well as sectors in Taiwan that embrace the social enterprise mission. Now at the end of 2014, Edison was working with the administration as an independent consultant on the V-Taiwan platform. On the platform at the time we started discussion also on the company law but around a startup form called closely held corporations. The idea is that a startup people would like to retain control of their stock not diluted by further investors. So yeah, we worked out that law in a way that involved as many stakeholders as possible in a series of online offline meetings after three months and was sent to the parliament and it was passed unanimously. So the V-Taiwan system, the main idea is that instead of proposing one particular draft of a bill, we have many different parties and proposing their different versions of a vision and come to a rough consensus and compare each other's visions. So we also did the same with right sharing with Uber that was passed last year and the Uber is now playing by the rules co-created by the stakeholders including drivers and passengers. So starting late last year we started the same process in V-Taiwan and the company laws relationship with such enterprises. At the time people would assert that there are many different forms such as co-ops such as NPO's in addition to companies so they would not want to be adversely impacted should we pass the benefit cooperation structure and I would like to thank Dr. Richard Fung for introducing the broad concept as well as explaining very carefully and publicly the difference between the constituency classes, between the CSR classes as well as the benefit cooperation framework. The dialogue is still ongoing starting next week the Ministry of Economic Affairs has designed a set of interactive survey that I will bring with me to Taipei as well as to Southern Taiwan to Middle Taiwan and to the Eastern Taiwan to make sure that all the stakeholders even if they don't have an internet connection it becomes aware of this dialogue that we're having and I would like the final version to incorporate as many input as possible for the people practicing and consider to practicing social innovation. So without further ado enjoy the webinar and thank you for listening.