value to its shareholders. 2Q 2018 Highlights  Core EBITDA increased 63% year-on-year to $388 million, driven by strong demand growth led by Asia supporting enhanced margins in the Polyester value chain

enhanced monitoring of and engagement with the investee companies if monitoring pursuant to Principle 3 is considered insufficient. Principle 5: Have a clear policy on exercising voting rights and disclosure

issues related to corporate strategies, environmental, social and governance (ESG) factors of investee companies. Principle 4: Oversee asset managers to apply enhanced monitoring of and engagement with an

investment decisions and engage in active ongoing monitoring of investee companies. 4. Apply enhanced monitoring of and engagement with the investee companies if monitoring pursuant to (3) is considered

society more generally. It’s difficult to precisely quantify the value created by shareholder engagement. But it is easy to see the problems created in its absence—evidence of value destroyed or unattained

and enforcement. F. Cross-border co-operation should be enhanced, including through bilateral and multilateral arrangements for exchange of information. High levels of cross-border ownership and trading

program for auditing difficult and complex areas, staff training limited to theoretical lectures and lack of case study on issues requiring professional judgement and professional skepticism, particularly

have laws about this already” – Agencies are staffed by lawyers, not software engineers – Enforcement is very, very difficult • When regulation comes to crypto, it will likely be voluntary, driven by

and Jo, 2011; Mishra and Suar, 2010). Taken together, the current study hypothesizes that companies adopting effective CSR programs would see enhanced PE ratios given more stable earnings growth and

natural hedge against short-term volatility in product margins.  Core EBITDA margin has enhanced from 6.4% in 2013 to 11.4% in 2Q17 and this is targeted to fur- ther improve from the various strategic