Next, Peter Wakkie, the former corporate governance executive of Dutch retailer, Ahold, focuses on proactive corporate governance at times of corporate crisis. We take a look at what boards should be doing, if anything, in response to the Eurozone crisis and this is followed by an article on the future of financial reporting. The ACI in the US provide a summary of discussions at their latest roundtables that focused on whether boards were now taking a more holistic view of their governance activities in response to the rapidly changing business environment. We include a regulatory update and finish this edition of the Quarterly with our regular financial reporting update.