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[Music] check your assumptions you know the old joke that when you assume you make an ass out of you and me and in the case of of uh bearings bank the judge was very quick to pick up on this as well and he said look when you look at the results and you see that cash is running out the door but profits are going sky high you cant assume that everythings right that prima facie says theres something wrong and in his judgment he comes out with this rather uh good uh declaration he says the exercise of the power of delegation does not absolve a director from the duty to supervise the discharge of the delegated functions now many of you will have heard the noses in hands-off advice for a board member to say you know the board member shouldnt docHub over and start micromanaging and i absolutely agree with that but sometimes what happens is we assume that when we delegate that what we have delegated will be done exactly as we intend it and that isnt always the case as a good friend of mine