 The big hazard with corruption will be social destabilization, will be investors looking the other way, will be loss of resources. We are at an inflection point, and the more honestly we talk about it, the more likely we will get closer to solutions. Many people think that fighting against corruption is only domestic matter, but this is international initiative, this is an international movement. Things are changing, the new generation demands transparency, they demand good governance, and we must deliver. Clearly, economic development and job growth is what this world needs, and making sure that it's done with a level playing field is advantageous to every government, every business, every constituency. We know we're at a tipping point around the issue of anti-corruption and transparency. It affects economic growth, development, and the ability to track the right sort of investment. You cannot improve the state of the global economy unless the evil and the cancer of corruption is substantially rooted out by people who are engaged in important policymaking. The partnering against corruption initiative, also known as PATCHY, is the leading global CEO level engagement and voice around anti-corruption and transparency. 100 CEOs coming from many industries, all parts of the world, all making the same commitment to create an open, transparent, competitive environment. PATCHY is a very important platform, not only to identify issues and problems, but to share successes. If we in the business community agree on certain things, if we help each other, we engage in what I call a cartel of the good, then we will drive bad behavior out of the industries where we operate. But the key point is being part of that dialogue with these governments and making sure that business is heard in what our expectations of their behaviors are going to be. PATCHY is the backdrop for things like the B20G20 working groups around anti-corruption and transparency. Now in Mongolia, we have more than 160 companies partnering with the PATCHY initiative. From that, 120 of them have anti-corruption action plans. I like the real value of doing business with ethics and integrity as a business differentiator. I think that's key. Aligning the agendas of business, government, civil society to bring more impact and ultimately to change the environment in which we operate. I've seen so many industries that are part of PATCHY say, of course we compete in the big world, but here we cooperate in terms of preventing corruption of greater transparency and therefore of having a better bottom line in many cases. The World Economic Forum makes a deep difference on enabling countries to emulate best international practice, to learn from examples of others and what they can do in their own society and their government to bring about a more transparent society.