Investor Return – Mind the Gap ©2015 Morningstar, Inc. All rights reserved. Kittikun Tanaratpattanakit Investor Return – Mind the Gap Agenda 2 gBackground g The Real Test is Whether Investors Succeed

. - If the Institutional Investor does not wish to become an insider of the Investee Company, the Institutional Investor must not request access to non-public price-sensitive information. - If the

extrapolation of the recent past leads to subequent return reversal Momentum High expected growth firms are more sensitive to shocks to expected growth Investor over-confidence and self-attribution bias leads to

about communication, it can take a variety of forms. The approach taken by an investor will be influenced by the way they invest, by their investment time frame, by their philosophy around shareholder

Investor Group on Climate Change (AIGCC) is an initiative to create awareness and encourage action among Asia’s asset owners and financial institutions about the risks and opportunities associated with

: Investor working group on sustainable palm oil Slide 14: Best Practices in Voting Slide 15: The value of voting on shareholder resolutions Slide 16: Voting principles Slide 17: Applying voting principles

section 258 of the investor) as specified in the Securities and Exchange Act. B.E.2535 (as amended) (if any)) still being the major shareholder (the major shareholder means shareholding percentage exceed 10

ICGN Guidance on Institutional Investor Responsibilities Published by the International Corporate Governance Network 16 Park Crescent London W1B 1AH UK © International Corporate Governance Network

FAMILY-FIRMS • Primary agency problem: Majority shareholder versus minority shareholder - Primary concern here is protection of minority shareholder interests. • Balancing positive weights of family

Investor type Customer relationship management Financial Literacy Financial Literacy Research Objectives 1. Clustering Thai investor types based on their investment portfolio allocation. 2. Investigates the