 We definitely place a great value on ICU membership. At Cullen International we believe in better regulation for a better world. It means that by designing better rules society delivers better outcomes for citizens and the planet. And Cullen International contributes by providing governments and industry with regulatory benchmarks. This in turn produces richer, better informed national debates because all players are aware of the full range of possible regulatory options. For us, ITUD is a unique forum for engaging in conversation on the latest policy issues both with government and with industry. It's a vital source of inspiration for our work. The digitalization of the economy and of society at large will potentially deliver great benefits to citizens. But we are also facing enormous challenges. Therefore, new rules will have to be invented on security, privacy, data sharing, freedom of speech. The list is very long. The problems that we are facing are terribly complex and governments cannot work in ivory towers. Governments realize that and this is why they are engaging in public debates with the private sector. Industry has a major role to play in feeding public debates with facts and figures to inform government of the possible outcome of the different policy options. The private sector has an enormous responsibility in shaping the future of ICT development and this is why Kallen International chose to join ITUD.