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your present which Im going to use to present a relatively early stage paper and its going to be in exploratory analysis even as it gets further developed so this is work with Antonio glitz and the de carvalho who is our Brazil expert vacana whos the India expert which on Kim from Korea and birch in here to glue from from Turkey and weve been trying in a series of projects to look at corporate governance across major emerging markets not by creating one index thats meant to cover all countries but by saying were going to build country-specific in the indices with with common features that raises very squarely a problem that is known in other fields is construct validity some of you may have heard the term my experience in the past as some of you may have no idea what is this term okay so the idea behind construct validity is a measure of corporate governance a corporate governance index is a construct were trying to measure something underlying that that we dont observe right