In order to ensure that we allow the critical economic roll-out of SOEs we applaud, Minister, your commitment towards improved governance of the SOEs. Ensuring improvements in the governance of SOEs can bring substantial benefits by increasing their financial strength. Corporate governance reform can contribute to the government's financial position and allow greater reinvestment. Better corporate governance can increase productivity and contribute to overall economic performance, both directly and by reallocating resources within the state sector and across the economy as a whole. In addition improved governance in the state sector can create a model for increased pressure on the private sector to improve its governance.