and on d, it is the delegation of trading authority, and we've added ashley denning king, tren, joel bates. we would have the board to approve it. we'll be bringing it back in six months to add kurt's name, but the policy generally, as we don't add folks until they've been here a while. so these folks have been here. so we ask that you approve this. >> there's a motion. is there a second. >> second. >> there's a second. would any public like to address the commission? seeing none, we'll close public comment. item passes. mr. secretary, next item, please. >> the board fiduciary training. >> what do you anticipate, 10, 15 minutes? >> i can try to shorten it to that. sure. i will do my best. [off mic] >> that may be a bit hard. board members, this is a continuation of the presentation that was made at the board meeting in november. at that presentation, we covered the legal framework for the fiduciary duties, and we're going to pick up with the fiduciary duties in practice. just a quick review, what we discussed about the fiduciary duties that each of the organization has. the exclusive