 Bismillahirrahmanirrahim, As-Salaamu Alaykum everyone. Welcome back to the corporate governance module and we basically were talking about the reports, the director reports which are related to listed companies and its various implications. Now, this is a very important topic, director's remuneration. Now, ladies and gentlemen, this has been a very controversial subject since the past 25, 30 years around the world. What we have seen is that the different boards have been approving their own salaries and or their own remunerations and more so the remunerations and the packages of the chief executive officer or the chief operating officer or the chief financial officer or the chief strategy officer and there in the past three decades has been this phenomenal rise in the remunerations and the salary packages. So much so that there has been immense resentment not only within the organization but also outside the organization that how can anyone have so much of remuneration and how is it that people can have so many benefits actually infinite benefits and how is it that every single expense of an individual can be charged to the company and so on and so forth. So, all of this has been a global controversy in the corporate sector and people have been questioning director's remuneration and the salary packages of the chief officers of a company. Now, what we see is is that these salary packages have been eschewed having tilted in favor of the individual and it sometimes becomes very unbelievable that how can these salaries particularly exist. We have seen only recently about one week ago a very large Pakistani startup closing I will not take its name but more than 110 million dollars has been wasted in administrative and especially salary packages. So, therefore, there is a great need to have a balanced remuneration for the directors and also for the different stakeholders or what we can say for the different constituents of a particular organization and then most importantly its chief officers should not be able to squander the profits of an organization just because the collective work is contributing to phenomenal profits. So, all of this is intertwined with each other and interlinked with each other and like I mentioned to you is very controversial. So, when you look at it we basically can see that there should be formal and transparent procedures for fixing the remuneration packages of individual directors. No director should be involved in deciding his or her own remuneration because if the director is deciding that then that basically means that the director is implicitly in conflict of interest and therefore that should not be allowed and the directors cannot approve their own salaries, their own packages, their own remuneration frameworks that has to be discouraged to a great extent. Secondly, the details of aggregate remuneration for executive and non-executive directors are including salary, fees and performance-based packages and it just like mentioned earlier should be properly restored in the financial statement. So, all of these things are very important normally what we see is that only the salary is coming forward and the other things are all in a shadow of remuneration frameworks when actually what should happen is that every component and any factor of the remuneration and every component of the remuneration should be disclosed and people should know what the package of certain individuals are and that would actually in the long run tend to influence positively or would be there to undercut upon the flamboyant salary which exists within the corporate sector. So, we basically see again that it is important that everything is declared from the salary to the fees and performance-based packages. So, all of these have to be declared so that there is no conflict of interest so that there is no concealment of facts and again everything is above the board. So, that is extremely important and that is how we see that the directors remuneration is very important the context of values-based leadership and also in the context of having a honest work environment and that is the very essence of how things have to go and they should be going in the context of the directors remuneration. Thank you so much.