Thank you very much, Joe. Well, thank you very much for joining today. We have a really great audience of people from different industries and lots of different roles with, obviously, a heavy predominance to operational risk, compliance, legal, and third-party risk. I just want to talk to you a little bit about my relationship with MCO. I'm a big fan of MCO, which is how we ended up doing some webinars together and in conversation with them we talked about a publication in our main journal, "Risk Management Association Journal," which was entitled "It's Time to Right Size Your Third-Party Risk Management Program," in their March 2017 edition. Also, they're my publisher for a book that's coming out in this fall, which will be entitled "Third-Party Life Cycle and Risk Management: What You Should Know." With that, this is a huge topic.

We're going to touch on a lot of the basics, but sometimes having frameworks like "Four Principles" are a good way for you to put a lens on your program and decide really where you want to take it next because this is an evolving practice. It's by no means mature; however, if there is anybody on the phone who has a totally mature program, we'd love to hear from you.

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