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my name is Steve Bengston Im 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 panels weve been today and other events the audience QA is the best part so if you have a question get my attention and well get it to the panel otherwise the format is going to be Im going to introduce each of the panels just kind of starting here and going down and theyre going to chat about the main thoughts they have on this topic both from their perspective and from things you ought to know if youre in the position of creating or managing your own board or being a board member and then Ill 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