 Good to see all of you again and we are moving forward with the international institutions which are involved with good governance. In the previous sessions, we basically in detail looked at the role of the World Bank and also the role of the Organization of Economic Cooperation and Development, OECD. Today, we are going to see that how we can authenticate the different random findings that are coming about corporate governance and therefore, for that a proper McKinsey survey was also conducted. Now, when we look at the McKinsey survey, there has been a continuing debate among those who hold divergent positions on corporate governance practices, whether there is any quantifiable connection between good corporate governance and the market valuation of the company. So, again, this is very important that how do we evaluate a company, what are the different positions available and then most importantly what is the monetization of those different interventions. So, again, the McKinsey survey basically look at that. In this regard, McKinsey, the International Management Consultant Organization conducted a survey with a sample size of 188 companies from six emerging markets. The survey was done to determine the correlation between good corporate governance and the market valuation of the company and this was very revealing and again led to a lot of recalibration and realignment in the context of corporate governance to make it more effective and also to ensure that the inherent value system which exists that also is not given up or disturbed. Now, when we look at this way, the results of the survey pointed out to a positive correlation between the two. In short, good corporate governance increases market valuation in the following ways. Increasing financial performance, transparency of dealing and reducing the risk that boards will face with their own self-interest and increasing investor confidence. So, these were the few points which basically emerged and we see that the McKinsey rated the performance and corporate governance of each company based on the following parameters. Accountability, transparent ownership, board size, board accountability and ownership neutrality. The second one is disclosure and transparency of the board. Timely and accurate disclosure by the independent directors and shareholder equality is on a one-to-one basis. Again, ladies and gentlemen, what we see is that companies with good corporate governance practices have high price-to-book values. Investors are willing to pay a premium for the shares of a well-managed and governed company and this is the secret recipe as a secret to the success of organizations at a local or at a global level and therefore it must be practiced properly. Investors are willing to pay a premium of as much as 28% for shares of such a corporate governance-based company. Companies in emerging markets often claim that western corporate governance standards do not apply to them. So, again, when we are looking at emerging markets then we see that there is a lot of innovation, there is a lot of cut-throat competition, there is a lot of variance and there is a lot of creativity which tends to further augment and reinforce the corporate governance environment which exists within different countries and within different cities which is extremely important. Thank you so much.