capacity. It also highlights the need to disclose and minimize conflicts of interest that may compromise the integrity of proxy advisors, analysts, brokers, rating agencies and others that provide analysis
pertaining to the bonds thereof, the intermediary shall disclose information to clients in accordance with the following criteria: (1) disclose information on risks and characteristics of the bonds by one or
disclose information to clients in accordance with the following criteria: (1) disclose information on risks and characteristics of the bonds by one or more of the following methods: (a) assigning an
dates on which such payments are due. 5. Describe any arrangement for transfer and any transfer restriction of the debt securities. 6. Disclose the currency the debt securities are denominated as well as
three female directors constitute a critical threshold (Kanter, 1977; Liu et al., 2014; Joecks et al., 2013; Brahma, Nwofar, and Boateng, 2019). Corroborating this argument, our results reveal that the
securities. D. Representative of Debt Securities Holders 1. Disclose the party that is acting as the debt securities holders’ official representative who acts in a fiduciary capacity for the debt securities
shall disclose information to clients in accordance with the following criteria: (1) disclose information on risks and characteristics of the bonds by one or more of the following methods: (a) assigning
Notification of the Capital Market Supervisory Board concerning Rules on Personnel in the Capital Market Business to give advice pertaining to the bonds thereof, the intermediary shall disclose information to
have an incentive to voluntarily disclose negative information. • This is due to the potential disutility from litigation as a result of withholding bad news. The Paper • The differing disclosure