department to control quality and reduce losses - Create motivation by rewarding, if able to produce and control waste according to the target - Improved data storage system and production reports for

at all levels. - Prepare manual work process for each department to control quality and reduce losses - Create motivation by rewarding, if able to produce and control waste according to the target

- Create motivation by rewarding, if able to produce and control waste according to the target - Improved data storage system and production reports for monitoring and controlling For the direction of sales

/29/2015 4 Earnings Distributions (3) • Earnings Forecasts (Burgstahler and Eames, 2006) 6/29/2015 5 Motivation • Markets assign rewards (penalties) for firms with meeting or beating (missing) these

companies effects on the shareholder wealth. • To propose the implication of trading liquidity index i.e. turnover list ratio as the observation tools for the encouragement to new listed companies from

(s) (i.e. relevance, materiality), the motivation for the SPT(s) (i.e. ambition level, consistency with overall strategic planning and benchmarking approach), the potential change of bond financial and

employee incentive programs. On the variable cost side fuel costs were higher than in the same period last year and also in fixed costs related to production maintenance cost increased due to the earlier

) Advertising and PR expense 0.76 0.51 0.25 48.26 1.44 0.94 0.49 52.13 Sales promotion - CLMV 0.00 0.01 (0.01) (100) 0.00 2.05 (2.05) (100) Sales incentive 2.57 2.35 0.22 9.48 4.73 4.03 0.71 17.55 Others 0.77

and PR expense 0.11 0.80 (0.68) (85.80) 0.32 1.55 (1.24) (79.66) Sales incentive 0.64 2.57 (1.94) (75.25) 1.85 4.73 (2.89) (60.96) Others 0.29 0.73 (0.44) (60.34) 0.91 1.48 (0.58) (38.98) Total 1.98

encouraged to give more emphasis to ESG considerations as a growth incentive. For example, investment of institutional investors in ESG complying companies, ESG education of capital market business personnel