Firstly, I would like to congratulate you on your appointment to the WRSX Board. As you know, I was on the interview panel that selected you and I have no doubt in my mind that you have much to contribute to the company. I was always in favour of bringing in someone from outside the industry and I am sure that your experience and your ability to see the big strategic picture and your fresh thinking will be of great benefit to those of us who have spent our lives in the industry. However, you should never forget what our business is all about – our job is to help our clients establish their brands through the range of services we offer – and sell more of their products or services to consumers or business customers – where required on a global basis. As an incoming director you will want to know the state of the industry – and specifically the state of WRSX Group as you join the Board. Well, the industry is going through a period of great change. We are witnessing an unprecedented proliferation in media options and dramatic growth in the time that people spend viewing digital channels. These provide us and our clients with a complex range of tools for getting product and brand information to individuals at precisely the right time in the consideration and purchase cycle. This provides both an opportunity and a challenge to the industry. You can learn more about this by listening to the report by one of our Business Analysts. Last year’s results for the WRSX Group can probably best be described as adequate. Not setting the world on fire but not awful either. We have not made as much progress as I would have hoped in bringing our costs under control. We have also lost some talented people from the Group in the last year – particularly in the US - and they have taken some major clients with them. We have also lost clients as a result of the corruption scandal that rocked the company last
Firstly, I would like to congratulate you on your appointment to the WRSX Board. As you know, I was on the interview panel that selected you and I have no doubt in my mind that you have much to contribute to the company. I was always in favour of bringing in someone from outside the industry and I am sure that your experience and your ability to see the big strategic picture and your fresh thinking will be of great benefit to those of us who have spent our lives in the industry. However, you should never forget what our business is all about – our job is to help our clients establish their brands through the range of services we offer – and sell more of their products or services to consumers or business customers – where required on a global basis. As an incoming director you will want to know the state of the industry – and specifically the state of WRSX Group as you join the Board. Well, the industry is going through a period of great change. We are witnessing an unprecedented proliferation in media options and dramatic growth in the time that people spend viewing digital channels. These provide us and our clients with a complex range of tools for getting product and brand information to individuals at precisely the right time in the consideration and purchase cycle. This provides both an opportunity and a challenge to the industry. You can learn more about this by listening to the report by one of our Business Analysts. Last year’s results for the WRSX Group can probably best be described as adequate. Not setting the world on fire but not awful either. We have not made as much progress as I would have hoped in bringing our costs under control. We have also lost some talented people from the Group in the last year – particularly in the US - and they have taken some major clients with them. We have also lost clients as a result of the corruption scandal that rocked the company last