Today’s gathering is very important, so I’m glad you have taken the time to attend. Before I begin I want to say hello to the members of the Management Forum and Executive Management Committee who are with us today. These Town Halls are becoming a bit of a springtime tradition. The snow melts and the time comes for us to get together.
We take stock of where we are, where we’re going, and how we want to get there. As you know, many institutions, both governmental and private, are currently concerned about governance structures, accountability and rules of behaviour. Of course we focused on these issues a couple of years ago when we established our Compass. And it’s our Compass I’d like to focus on now.