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okay lets get get started I welcome all of you to panel discussion on changing corporate governance in Japan I am Takahashi director of Stanford Japan program here at a park asia-pacific Research Center and this is the final event of the Japan program this academic year and we saved the best for the last corporate governance reform has been important actually a top agenda for Japans economic economic reform and the reform in this area has not been just a talk there have been some real changes and we can find some drastic changes that have been happening for Japanese corporations in the last couple of years so today I invited two leaders of this fundamental change happening in Japan to update and to update us with the latest information about improving the efforts to improve corporate governance in Japan and speculate where Japanese corporations are going in the near future so let me briefly introduce panelists mister Misaki Tanaka is representative director and deputy president of m