Category: Pakistan

LONDON, April 22, 2024 (GLOBE NEWSWIRE) — Emerging Markets Global Advisory LLP (EMGA), in partnership with Banco Improsa, announces that it has secured a US$15 million line of credit from The Japan International Cooperation Agency (JICA).

EMGA’s Head of Investment Banking and Managing Director of EMGA, Sajeev Chakkalakal, stated: “In spite of a challenging global macroeconomic environment, we are pleased to once again facilitate Banco Improsa’s continued vision to supporting SMEs in Costa Rica and complete this financing solution.”

Commenting on the transaction, Felix Alpizar Lobo, General Manager of Banco Improsa, said: “This financing reaffirms our commitment to strengthening the SME segment in Costa Rica. Banco Improsa is proud to share JICA’s objective of contributing to the economic and social growth of developing countries.”

EMGA’s Managing Director Jeremy Dobson added: “Banco Improsa’s strong management and healthy financial position were key factors in helping the EMGA Investment Banking team secure this funding, and this JICA facility will further strengthen Banco Improsa’s ability to grow its core SME lending book.”

JICA

The Japan International Cooperation Agency is a governmental agency that provides most of the Official Development Assistance for the Government of Japan. It is chartered with assisting the economic and social growth of developing countries, and the promotion international cooperation.

EMERGING MARKETS GLOBAL ADVISORY LLP (EMGA)

EMGA, with offices in London and New York, assists financial institutions and corporations seeking new debt or equity capital. EMGA’s multi-national team combine the decades of experience necessary to complete transactions on behalf of their clients within the world’s emerging markets and frontier economies, including Costa Rica which remains a key market. With a proven track record in capital formation and strategic advisory throughout diverse economic cycles, EMGA continues expanding its geographic reach and service offering, solidifying its place in the market as one of the industries pre-eminent emerging markets focused niche investment banks.

BANCO IMPROSA

It is a commercial bank with more than 37 years of experience, whose relational business model and focus on niche markets specializes in providing financing solutions and services to small and medium-sized enterprises (SMEs), among others. Banco Improsa was one of the first private banks in Costa Rica to offer non-financial services to its clients and has a long-standing history of providing advice and support to SMEs. Banco Improsa’s key success factor is its commitment to high standards of agile and flexible service, which, together with the offer of customized financial solutions, has enabled it to achieve a solid position in these segments.

Banco Improsa is a subsidiary of Grupo Financiero Improsa (GFI).

Contact details:
info@emergingmarketsglobaladvisory.com

GlobeNewswire Distribution ID 1000946184

Company’s rebranded identity solidifies its position as the global technology and services organization, powering the brands of the future

NEWARK, Calif., April 22, 2024 (GLOBE NEWSWIRE) — Concentrix Corporation (NASDAQ: CNXC), a global technology and services leader that has been operating under the trade name of Concentrix + Webhelp, today announced its transition to the Concentrix name and continued evolution of its brand.

A Media Snippet accompanying this announcement is available by clicking on this link.

The Concentrix name is based on the concept of concentric circles, reflecting the company’s focus on keeping its people and clients always at the center, a concept that is still as relevant today as it was when the name was established. The newly designed visual identity represents the technology and transformative solutions that Concentrix delivers to power the brands of the future.

This rebrand reinforces the company’s continued commitment to bringing together a comprehensive and unmatched portfolio of capabilities. With an expanded breadth of generative AI solutions, digital capabilities, and high-value services, the company believes it has never been better positioned to deliver fully integrated, end-to-end solutions across the entire enterprise, at speed and scale.
“With this rebrand, we solidify our position as a leading technology and services company that is human-centered, tech-powered and intelligence-fueled,” said Chris Caldwell, President and CEO of Concentrix. “Whether it’s designing game-changing brand experiences, building and scaling secure AI technologies, or running digital operations, we bring together fully integrated solutions that solve our clients’ toughest business challenges.”

Today, Concentrix’ 2,000+ clients benefit from a robust, well-balanced footprint, backed by global consistency, local market expertise and a world-class portfolio of capabilities aligned to design, build, and run the cutting-edge solutions the company delivers.

To learn more about Concentrix, please visit concentrix.com.

About us: Experience the power of Concentrix
Concentrix Corporation (NASDAQ: CNXC) is a global technology and services leader that powers the world’s best brands, today and into the future. We’re human-centered, tech-powered, intelligence-fueled. Every day, we design, build, and run fully integrated, end-to-end solutions at speed and scale across the entire enterprise, helping over 2,000 clients solve their toughest business challenges. Whether it’s designing game-changing brand experiences, building and scaling secure AI technologies, or running digital operations that deliver global consistency with a local touch, we have it covered. At the heart of everything we do lies a commitment to transforming the way companies connect, interact, and grow. We’re here to redefine what success means, delivering outcomes unimagined across every major vertical in 70 + markets. Virtually everywhere. Visit concentrix.com to learn more.

Safe Harbor Statement
This news release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements include, but are not limited to, statements regarding the company’s capabilities and positioning to deliver business outcomes and solve challenges for its clients, and statements that include words such as believe, expect, may, will, provide, could and should and other similar expressions. These forward-looking statements are inherently uncertain and involve substantial risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Risks and uncertainties include, among other things, risks related to the company’s ability to successfully execute its strategy, competitive conditions in the company’s industry, and other factors contained in the Company’s Annual Report on Form 10-K for the fiscal year ended November 30, 2023 filed with the Securities and Exchange Commission and subsequent SEC filings. We do not undertake a duty to update forward-looking statements, which speak only as of the date on which they are made.

Copyright 2024 Concentrix Corporation
All rights reserved. Concentrix, Webhelp, Concentrix + Webhelp, the Concentrix and Webhelp logos, and all other Concentrix company, product and services names and slogans are trademarks or registered trademarks of Concentrix Corporation and its subsidiaries. Concentrix and the Concentrix logo Reg. U.S. Pat. & Tm. Off. and applicable non-U.S. jurisdictions. Other names and marks are the property of their respective owners.

Investor Contact:
Sara Buda
Investor Relations
Concentrix Corporation
investor.relations@concentrix.com

Media Contact:
Debbie Gonzalez
Marketing & Communications
Concentrix Corporation
media@concentrix.com

GlobeNewswire Distribution ID 9103218

During its 46th session, King Faisal Prize Recognized Other Outstanding Figures in the Fields of Islamic Studies, and Service to Islam

Riyadh, Saudi Arabia, April 22, 2024 (GLOBE NEWSWIRE) — During the 46th session of King Faisal Prize on April 22, exceptional accomplishments in the fields of gene therapy for neuromuscular diseases and groundbreaking RNA discoveries were acknowledged. Professor Jerry Mendell was awarded the Medicine Prize for his groundbreaking contributions to the screening, early diagnosis, and treatment of neuromuscular disorders, notably spinal muscular atrophy (SMA) and Duchenne muscular dystrophy (DMD). Professor Howard Chang received the Science Prize for unveiling the intrinsic role of long non-coding RNAs in gene regulation and function, a previously overlooked area of study.

Through innovative gene therapy approaches, Professor Mendell, the Director of Gene Therapy Center at Nationwide Children’s Hospital and Curran Peters Chair in Pediatric Research, has revolutionized treatment strategies, offering hope to countless patients worldwide.

Spinal muscular atrophy (SMA), once considered a leading genetic cause of infant mortality, has seen a paradigm shift in treatment due to Professor Mendell’s pioneering efforts. By utilizing gene therapy to deliver crucial genes to affected cells, he has significantly improved outcomes for patients, leading in 2019 to the first-ever FDA-approved gene therapy treatment for pediatric SMA patients (Zolgensma®).

In addition to his work in SMA, Professor Mendell’s research has extended to Duchenne muscular dystrophy and limb-girdle muscular dystrophy, showcasing the versatility and efficacy of gene therapy in addressing a spectrum of neuromuscular conditions. Genetic mutations in Duchenne muscular dystrophy (DMD) patients hinder the production of dystrophin, a crucial protein for muscle health. While initial symptoms primarily affect skeletal muscles, DMD progresses to impact cardiac and respiratory functions. Gene therapy offers a solution by addressing this genetic anomaly, allowing the body to produce dystrophin and halt muscle degeneration. In June 2023, the U.S. Food and Drug Administration approved the first treatment for pediatric DMD patients aged 4-5, utilizing a pioneering gene therapy co-developed by Professor Mendell and Professor Louise Rodino-Klapac, a former post-doctoral researcher in Mendell’s lab. This therapy involves a single injection, delivering a micro-dystrophin gene within an adeno-associated virus serotype (AAVrh74), facilitating the transfer of missing or corrected genes to cells.

He has played a significant role in clinical trials targeting different forms of Limb-Girdle Muscular Dystrophy (LGMD), characterized by muscle weakness affecting the shoulders, upper arms, hips, and upper legs. One study particularly concentrated on LGMD2B, demonstrating that a single injection of a gene therapy vector effectively restored damaged muscle fibers, mitigating degeneration, and improving muscle function.

Professor Mendell boasts a portfolio of more than 400 published papers, a testament to his prolific contributions to the field. In acknowledgment of his achievements, he was honored with election to the National Academy of Medicine in 2021. The American Society of Gene and Cell Therapy bestowed upon him the prestigious Translational Science Award named in his honor. Furthermore, in 2017, Science Magazine recognized his groundbreaking work in SMA Gene Therapy with the esteemed Breakthrough Achievement Award. His accolades also include numerous other awards and invitations to deliver honorary lectures at esteemed institutions.

In his acceptance speech during the ceremony, Professor Mendell said, “The principles of the award that reflect King Faisal’s intent to relieve human suffering are consistent with my own views and lifetime achievements. I have done everything I could do to improve the quality and prolong life for patients afflicted with neuromuscular diseases.”

On the frontier of molecular biology, Professor Howard Chang, a physician-scientist and Professor of Dermatology and Genetics, and Virginia and D.K. Ludwig Professor of Cancer Research at Stanford University, has been awarded King Faisal Prize for Science in Biology. Professor Chang’s elucidation of the role of long non-coding RNAs (lncRNAs) in gene regulation has revolutionized our understanding of cellular processes and disease mechanisms.

Through innovative genome-wide methodologies, Professor Chang has uncovered the intricate interplay between lncRNAs and gene expression, shedding light on fundamental biological processes underlying development, cancer, and aging. Despite not encoding proteins, lncRNAs are crucial for controlling the timing and amount of protein production, impacting the overall function and behavior of cells.

Within each human cell, a remarkable feat of organization unfolds: 2 meters of DNA are tightly packed into a nucleus merely 10 microns in size. This dense packaging renders most of the DNA inaccessible, except for the active DNA elements crucial to the cell’s functioning and reading. Identifying these accessible elements unveils invaluable insights into the cellular “software.” His groundbreaking techniques lie in mapping chromatin—the substance constituting chromosomes, comprised of DNA and associated proteins governing genome structure and gene expression. This has provided unprecedented insights into the regulatory mechanisms governing gene expression, paving the way for novel therapeutic interventions and precision medicine approaches. One technique is the Assay of Transposase Accessible Chromatin, employing the Tn5 transposase enzyme to efficiently copy and paste DNA. This revolutionary technique has yielded a million-fold enhancement in sensitivity and a hundred-fold improvement in mapping speed for regulatory DNA—the epigenome—in human cells.

As the founder of the RNA Medicine Program at Stanford University, Professor Chang continues to spearhead efforts to translate RNA science into tangible clinical applications, furthering the promise of RNA-based therapeutics in treating a wide range of diseases. Prof. Chang’s honors include the NAS Award for Molecular Biology, Outstanding Investigator Award of the National Cancer Institute, Paul Marks Prize for Cancer Research, Judson Daland Prize of the American Philosophical Society, and the Vilcek Prize for Creative Promise. His work was honored by the journal Cell as a Landmark paper over the last 40 years and by Science as “Insight of the decade”.

In his acceptance speech during the ceremony, Professor Chang said, “Our research asked a basic question: how do cells decide when and where to switch different genes on? How do these decisions get passed over time? Our studies led us to a new class of RNAs, called long noncoding RNAs, that help cells remember their cell fates. Our understanding of the gene switches led to an understanding of how inherited genetic differences cause disease, especially immune diseases. This understanding also helped to tackle mutations that arise in cancer.”

In addition to honoring advancements in medicine and science, King Faisal Prize also recognized exemplary contributions in Islamic Studies and Service to Islam.  Professor Wael Hallaq, among the top 500 scholars in Islamic Studies globally, was awarded the Islamic Studies prize for his groundbreaking contributions in guiding the development of Islamic legislation and challenging the narrative of closing of the gate of ijtihad – interpreting Islamic texts – gained prominence, reshaping accepted paradigms in the field.

The Japan Muslim Association and Mr. Mohammad El Sammak were honored for their exemplary leadership in serving Islam and humanity. The Japan Muslim Association is a pioneering Islamic organization for Japanese Muslims, renowned for its historic translation of the Holy Quran into Japanese, and its defense of Muslims’ affairs in Japan. And, Mr. Mohammad El Sammak, a pioneer in dialogue and bridge-building between different faiths, has made a lasting impact in interfaith dialogue over five decades. He was awarded for his effective contributions to conferences exploring Islam’s relationship with other beliefs and his leadership in institutions dedicated to tolerance and peace.

King Faisal Prize for Arabic Language & Literature for 2024 on the topic of “Non-Arab Institutions and their Endeavors to Promote Arabic” was withheld due to nominated works not elevating to the criteria of the prize.

Since 1979, King Faisal Prize in its 5 different categories has awarded 295 laureates who have made distinguished contributions to different sciences and causes. Each prize laureate is endowed with USD 200 thousand; a 24-carat gold medal weighing 200 grams, and a Certificate inscribed with the Laureate’s name and a summary of their work which qualified them for the prize.

Attachments

• Professor Howard Chang, King Faisal Prize Laureate in Science 2024
• Professor Jerry Mendell, King Faisal Prize Laureate in Medicine 2024

Maysa Shawwa
King Faisal Foundation
Maysa.Shawwa@kff.com

GlobeNewswire Distribution ID 9103755

BARCELONA, Spain, April 19, 2024 (GLOBE NEWSWIRE) — The most exclusive fashion show of the Barcelona Bridal Fashion Week charmed over 450 guests last night who enjoyed a unique show in the historic building of the Llotja de Mar. The Maison Giambattista Valli exclusively celebrated the runway debut of its bridal collection during the Bridal Night, the gala evening of the event organized by Fira de Barcelona with the support of the Catalan Ministry of Business and Labor.

In an extraordinary show, Giambattista Valli’s 30 creations shone with their own light. It was a culmination of silhouettes, representing a comprehensive exhibition of Mr. Valli’s concept of contemporary bridal dressing, inviting his audience to witness the manifestation of his vision, translated into a presentation that embodies the essence of individuality, sharing a dream and a celebration and love.

The fashion show featured ten dresses from the third “Love Collection,” ten iconic silhouettes from the first and second “Love Collections” and ten Haute Couture creations, inspiring the magnificence and the savoir-faire of the Ateliers, stepping away from classic wedding rituals and focusing on the significance of the emotions of the “moment” and the joys of celebrations. Infused with the Maison’s idyllic aesthetic and excellence, Valli’s dresses stood out with a contemporary edge, whether through clean lines, unforgettable volumes or unexpected details inspired by the personalities of an imaginary new group – Mr. Valli’s friends. This blend of classic and modern appeals to many brides worldwide looking for a unique wedding gown, in pure Valli style and tied to their own personal storytelling.

The prestigious designer was delighted after the show and said that, “I chose Barcelona and Bridal Fashion Week for the debut of my Love Collection 3 because it is an event that attracts a diverse audience of fashion enthusiasts, designers, buyers and media from all over the world, and provides me with maximum global visibility and opportunities for success.” He added, “In addition, Barcelona’s romantic and cosmopolitan atmosphere matches perfectly with the theme of my collection, which celebrates love and romance.”

The Barcelona Bridal Night had a luxurious audience and front row, including it-girl, model and international fashion icon Olivia Palermo, model and countess Lara Cosima Henckel von Donnersmarck, stylist and designer Pelayo Diaz, actress Hiba Abouk, actress and model Blanca Romero, model Marco Llorente, and TV hostess and actress Marta Torné, among other personalities.

Images available here.

For media requests please contact:

Salvador Bilurbina
email: sbilurbina@firabarcelona.com
phone: +34628162674

GlobeNewswire Distribution ID 1000935713

FII 8th Edition Main Thematic Visual

RIYADH, Saudi Arabia, April 18, 2024 (GLOBE NEWSWIRE) — The Future Investment Initiative (FII) Institute is excited to announce the theme for its upcoming 8th edition of the FII conference, scheduled for October 29-31, 2024, at the prestigious King Abdulaziz International Conference Centre (KAICC) in Riyadh, Saudi Arabia.

Under the captivating theme ‘Infinite Horizons: investing today, shaping tomorrow’, FII8 will ignite discussions on how investment can serve as a catalyst for a prosperous and sustainable future, pushing the boundaries of what is possible for humanity.

FII8 promises to be a melting pot of innovative ideas, bringing together global leaders, entrepreneurs, political leaders, media and decision-makers in finance, AI, sustainability, energy, geoeconomics, space and beyond. By focusing on the theme of ‘Infinite Horizons’, this year’s conference will challenge attendees to think beyond conventional limits and explore investment opportunities that can bridge current challenges with future possibilities.

Richard Attias, CEO and board member of FII Institute, emphasized the significance of the theme, stating that “Infinite Horizons is not just a theme; it’s a clarion call to expand our collective vision and embrace the limitless prospects of the future. It embodies our commitment to driving conversations that lead to a future where investment knows no bounds and works towards a better tomorrow for all.”

FII8, organized by the FII Institute, founded by PIF, will adopt an innovative format as an exclusive week for FII Institute members, invited delegates, and strategic partners. Discussions at the conference will be data-driven, ensuring that insights are grounded in facts and actionable strategies.

For media inquiries, please contact:

Phone: +966 53 978 2030

Email: Media@fii-institute.org

The Future Investment Initiative (FII) Institute is a global non-profit foundation dedicated to making an impact on humanity. Through our investment arm, we champion innovation in Artificial Intelligence (AI) & Robotics, Education, Healthcare, and Sustainability, transforming ideas into real-world solutions.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/fc52762c-6e57-4254-a6df-7f3b4af1c61b

GlobeNewswire Distribution ID 1000935387

Key collaborations will bolster fisheries governance through greater transparency, data-sharing and policy reform

ATHENS, Greece, April 17, 2024 (GLOBE NEWSWIRE) — Global Fishing Watch, an international nonprofit organization dedicated to advancing ocean governance through transparency of human activity at sea, has announced three pioneering collaborations with Greece, Panama and the West African Sub-Regional Fisheries Commission (SRFC) in a bid to harness technology and data-driven solutions for enhanced transparency, improved fisheries management and greater ocean sustainability.

The partnerships, unveiled at the 9th Our Ocean Conference held in Athens, Greece, will leverage open data to combat illegal, unreported and unregulated (IUU) fishing, promote sustainable fisheries management and enable marine protection through deepened engagement with governmental bodies spanning three continents. In addition, they will provide Global Fishing Watch the opportunity to highlight transparency as a critical marine management tool and advance policy reforms regarding the adoption of vessel tracking methods like automatic identification systems (AIS) and vessel monitoring systems (VMS), as well as regional data sharing practices.

“Today’s announcements mark a milestone in our collaborative efforts to mobilize open data and technology in the fight against illegal fishing and toward improved global fisheries management,” said Tony Long, chief executive officer of Global Fishing Watch. “More importantly, our expanding network of partnerships shows that governments and multilateral institutions are increasingly recognizing the role Global Fishing Watch can play in achieving better and more transparent ocean governance.”

“Collaborative partnerships, political will and open data can drive tangible impact and help deliver lasting results for a sustainable ocean future for all,” Mr. Long added. 

Leveraging Technology for Ocean Action

Presented at an official conference side event co-hosted by Greece, the Athanasios C. Laskaridis Charitable Foundation and Global Fishing Watch, the partnership with Greece commits authorities to utilizing Global Fishing Watch’s platform, which provides visualizations and analysis of fishing activity, for critical support in bolstering the country’s marine protection efforts.

“Greece commits to establishing a scientific monitoring and surveillance system for all its marine protected areas that will be supported with advanced monitoring techniques and digital tools, such as remote sensing and automatic communication with sea vessels,” Dr. Petros Varelidis, Secretary-General for Natural Environment and Waters of the Hellenic Ministry of Environment and Energy, confirmed. “The support of Global Fishing Watch and the Athanasios C. Laskaridis Charitable Foundation will enable us to monitor fishing activity in near real-time.”

A ‘significant step forward’ against IUU fishing

The Our Ocean Conference also welcomed a new partnership between Global Fishing Watch and the seven West African SRFC Member States comprising Cabo Verde, Gambia, Guinea, Guinea- Bissau, Mauritania, Senegal and Sierra Leone. Through the new three-year agreement with SRFC, Global Fishing Watch will support Member States with analysis and generated insights to inform targeted monitoring, control and surveillance (MCS) actions, bolstering countries’ abilities to manage activity in their waters and safeguard livelihoods and regional economic and environmental ecosystems.

The 5,500 kilometer coastline of West Africa is home to some of the most diverse fisheries in the world and maritime activity plays a key role across the region. Indeed, fisheries and aquaculture directly contribute US$24 billion to the African economy, with the demand for fish expected to increase by 30 percent by 2030. Inadequate monitoring and enforcement, however, have led to rampant IUU fishing, with nearly 40 percent of fish caught illegally, resulting in substantial economic losses and environmental degradation.

“The collaboration with Global Fishing Watch represents a significant step forward in the fight against illegal fishing in West Africa,” said Dr. Khallahi Brahim, Permanent Secretary of the Sub-Regional Fisheries Commission. “By joining forces, Global Fishing Watch and the SRFC can help transform fisheries governance, protect marine resources and secure the livelihoods of millions of people dependent on the fishing industry.”

The new partnership will work to ensure that SRFC Member States are fully equipped for better cooperation, monitoring and compliance, and also help establish cross-cutting initiatives with key stakeholders in ocean governance. The collaboration will pave the way for policy reforms and seek to establish AIS usage and data sharing as central pillars of SRFC Member States’ governance practices. It will also support government agencies in developing and retaining capacity to harness data and technology to strengthen management, including MCS, enforcement and marine protection.

Charting a new era of ocean governance

Global Fishing Watch’s activity on the margins of the Our Ocean Conference also saw the renewal of an ongoing collaboration with the Government of Panama, first launched in 2019, aimed at building an improved, collaborative framework for data-sharing and policy development.

The updated agreement reflects a deepened relationship between the two parties and a growing commitment to fisheries transparency. Supplementing the VMS data of its vast international fleet, which has been visible on the Global Fishing Watch map since October 2019, Panama will now share vessel data from its list of international licenses, including fishing licenses, areas of operation and information related to fishing support vessels. Over the next five years, Global Fishing Watch will also provide technical and data-driven assessments for the Aquatic Resources Authority of Panama to help inform national policies and regulations related to fisheries management.

“We are pleased to announce the renewal of the memorandum of understanding with Global Fishing Watch in our tireless fight against illegal, unreported and unregulated fishing,” said Hamed Tuñón, General Administrator, Aquatic Resources Authority of Panama. “Our strengthened alliance reflects the continued commitment of both parties to protecting our oceans and preserving their biodiversity. Together, we will continue to use innovative technology and collaborative strategies to ensure the sustainability of our valuable marine resources.”

“Now, more than ever, the global community must rally behind landmark initiatives to protect our ocean, combat harmful practices, and achieve ambitious conservation targets such as safeguarding at least 30 percent of the ocean by 2030,” Mr. Long concluded. “Achieving these critical commitments will be virtually impossible without Global Fishing Watch’s innovative ocean monitoring technology and expertise.”

Attachments

• Global Fishing Watch Map
• Technology for Good: How Innovation and Data Can Deliver Ocean Action

Kimberly Vosburgh
Global Fishing Watch
5185902979
KIMBERLY@GLOBALFISHINGWATCH.ORG

GlobeNewswire Distribution ID 9090876

Najat Khan, Ph.D.

SALT LAKE CITY, April 16, 2024 (GLOBE NEWSWIRE) — Recursion (Nasdaq: RXRX), a clinical stage TechBio company leading the space by decoding biology to industrialize drug discovery and development, announced Najat Khan, PhD, will be its Chief R&D Officer and Chief Commercial Officer. Dr. Khan will lead Recursion’s research and development, and build its emerging commercial capabilities. She has also been appointed to Recursion’s Board of Directors.