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[Music] big thing that i see in the offshore landscape is the preponderance of quote-unquote nominee director services and also the mis the misinformation surrounding the same um a nominee director is different than a local director right so when you see that in the context of a license requirement like lets say for instance a swiss financial intermediary license there is a difference right a nominee director is by definition a non-executive director he or she has no power to bind the company right so uh singapore is a great example singapore requires for their corporations that there be one director of singaporean residents well thats always a nominee director by virtue of the fact that you simply wouldnt want somebody to have executive powers as it relates to your company right signatory type powers now a local director or independent director is sometimes called isnt sometimes required in license licensing arrangements is an executive director right its an executive director in