Thank you, Mr. Chair.
Thank you, Mr. Hargreaves, for taking the time to be with us today.
I'm just going to start with a very broad question. You were tasked with, I think I heard you say, a review of IP law and its effect on innovation and growth. In your recollection of the time you spent on this, what would you say was your most important finding? I'm sure it's tough to pick one thing out of all the things, but where would you say the most substantial opportunity lies?