Investor Strategies for Incorporating ESG Considerations into Corporate Interactions www.blackrock.com www.ceres.org Century21st Engagement Investor Strategies for Incorporating ESG Considerations into Corporate Interactions [ 5 ] FOREWORD The Value of Our Voice ......................................................................................................................................... 1 How ESG Megatrends Are Shaping Valuation ...........................................................

Office shall have the power to specify the inclusion of the shareholding of a person with the characteristic of indirect cross-shareholding which affects the clarity of the shareholding structure. Clause

from 1.0 percent in 2019. Private consumption will likely remain subdued from the elevated household debt. Fiscal stimulus, an accommodative monetary stance and clarity in the government’s implementation

relating to Raising Capital of a Listed Company, mutatis mutandis, and [ii] the guidelines that the SEC Office has announced in detail to ensure clarity in practice (if any). In addition, the raising capital

institutional investors need clarity on the personal conflicts which individual members © International Corporate Governance Network (2013) 21 of their staff or governing bodies may face, and where relevant these

Office is empowered to issue the Notification relating to the counting of the shareholding of any person in the manner of indirect cross shareholding which affects the clarity in the shareholding structure

additional clarity to others. While some of the Principles may be more appropriate for larger than for smaller companies, it is suggested that policymakers may wish to raise awareness of good corporate

members’ stakes to enhance efficiency, flexibility and clarity in handling the matter. In addition, the procedure for buying and selling securities of Board members were revised to reassure transparency and

strictly in line with the auditing standards for clarity of financial statements and investorsû benefit. 1.5 Promote transparency in the IPO shares allocation process by focusing on distribution to wider

kept its growth momentum from the previous quarter. However, it did not clearly show evidence of a broad-based recovery. Private investment, in particular, remained uncertain, pending greater clarity in