Exor has a defined governance approach for all of its companies. This includes playing an active role on all its boards, reducing the size of its boards and ensuring it appoints directors who will provide a diverse set of views. Exor has a strong interest in education and is closely associated with the Agnelli Foundation, a charity devoted to educational issues, based in Turin. The Foundation, in turn, works closely with many of Exor’s companies. Most of our companies have well-established environmental policies, and some are leaders in their sectors. We will continue to hone our approach to ESG over the coming years and recognise the responsibility that we have to do this.