My name is Steve Bengston I'm with PricewaterhouseCoopers I want to welcome you to our intimate event on forming and managing boards of directors this is intentionally going to be informal panel where we encourage you to ask questions early and often because in most of the panel's we've been today and other events the audience Q&A is the best part so if you have a question get my attention and we'll get it to the panel otherwise the format is going to be I'm going to introduce each of the panels just kind of starting here and going down and they're going to chat about the main thoughts they have on this topic both from their perspective and from things you ought to know if you're in the position of creating or managing your own board or being a board member and then I'll start asked asking questions once we finish the panel discussions until I see questions from the audience and with that Diane I guess you get the favorite position where that will start with Diane Savage from Cooley I'm not going to go into their BIOS and I've asked them not to go into their BIOS because they are in the booklet if you have specific questions feel free to ask them either in the panel or afterwards Diane you have the floor first well when I was asking Steve how this was going to be organized he said well we're going to go you know from right to left in terms of speakers and I looked around and the only seat left was this one it's open so the good news is Steve also told me not to be redundant and that's not a problem for me in any event I did I I tried...
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