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hi guys it's mj and in this video i want to talk about corporate governance and listing authorities it's quite a complicated or not complicated just very theoretical topic so what i thought in order to just spice it up a bit is to talk about it in the sense of a story and then i think we can use the story and while we discuss the story we can talk about corporate governance and listing authorities and how they came to be so let's begin our little fictional story and it starts with a little guy we can call him joe or whatever and joe starts a little business where he sells um whatever he sells let's say sells shoes so joe here he is and he's selling shoes but as time goes on joe realizes that he wants to expand the business so he wants to expand the business and he does so by getting some of his friends to invest money into it so sort of like a private equity deal is done where joe now has saved 50 percent and the private equity guys that invested with him also have 50 percent but now...