when marginal benefit of the capital investment equals its marginal cost. Myers & Majluf (1984); Fazzari et al. (1988) AGENCY FRAMEWORK Market frictions, e.g. informational asymmetry, cause moral hazard

(including their controlling shareholders), and asset managers that good corporate governance improves returns and better manages risks has led to a virtuous circle of engagement, dialogue, and governance

philosophical or moral beliefs. The information does not suggest any approval or disapproval on their content from Vigeo Eiris. 9 VE scale of assessment: Isolated / Occasional / Frequent / Persistent 10 VE scale

efficiency. And this will help reduce operating expenses in the long- term. MK had increased overall compensation to its employees to improve moral, and maintain good employees. Hopefully, this would help MK

Handbook on ACMF Pass under ASEAN Capital Market Professional Mobility Framework Handbook on ACMF Pass under ASEAN Capital Market Professional Mobility Framework Issued: January 2019 Updated: September 2019 2 Contents 1. Introduction 3 2. Definition 4 3. Guidance on ACMF Pass Framework 3.1 ACMF Pass overview 5 3.2 Permitted activities 6 3.3 Application process 9 3.4 On-going obligation 9 3.5 Monitoring, supervisory and enforcement mechanism 11 3.6 National regulations regarding the approval proc...

all present material risks and opportunities to businesses. Sustainability has become an imperative for successful corporations, and a variety of studies have shown that companies with strong

established by the IFAC shall apply; (2) having certified public accountants whose licenses are still valid or are not currently suspended nor revoked by the ethical standards committee under the law governing

AQIs ) 1 % 2564 2563 1 (Leadership Responsibilities for Quality within the Firm) ( ) (1) 2 (Relevant Ethical Requirements) ( ) (3) 3 (Acceptance and Continuance of Client Relationships and Specific

2562 1 (Leadership Responsibilities for Quality within the Firm) ( ) (2) 2 (Relevant Ethical Requirements) ( ) ( ) 3 (Acceptance and Continuance of Client Relationships and Specific Engagements) (1) (3

owner in shares under the fourth paragraph of Section 24, a director, an officer or an employee of such derivatives business operator. Furthermore, the auditor shall also adhere to the ethical code of