Governance aspects covered in the third section are somewhat tricky to be handled for several reasons, but some of the distinguished speakers seem to have made telling points such as the need for arms-length to be maintained by owners with the Board, and the fact that best corporate governance exists when ownership is widely distributed.
In terms of the two scenarios we had painted last November, clearly, we are into the more optimistic one, in which a recovery in consumer confidence leads to an early resumption of economic growth. What do we see now as we look ahead?