00:00DEI seems to have been on the, it's now on the back foot, same with ESG, which is environmental, social and governance, you know, sustainability, these sort of ethical questions that really had nothing to do with the company's performance and is something that has been sort of imposed on capitalism on companies for political reasons.
00:26How do you extract capitalism from this kind of woke yoke?
00:32Well, so part of that is to get back to basics.
00:35All this mayhem in the corporate governance area, I submit, is one of the reasons why companies don't want to go public because they just don't want to put up with a distraction of all of this.
00:47Because most of this does not have to do with the real fundamental issues of a company itself.
