find that sufficiently high earnings persistence drives a string of earnings in the absence of a strong time trend in earnings. 6/29/2015 9 1st Question • To the extent that investors employ past

excess of US$ 26 trillion. ICGN Principles and Guidance are therefore substantively developed from an investor perspective, while taking into account other parties including companies, professional

change in perspective Society How is a shift in perspective landing in the world of regulations? Increase in sustainability disclosure/reporting standards Building of Sustainability Focused industrial

operations to be incurred by ICUK. ICSG, as a business partner, was unable to provide financial support to the extent of its existing shareholding. Consequently, the Company, as a major shareholder and the

extent of its existing shareholding. Consequently, the Company, as a major shareholder and the owner of the energy drinks under Carabao trademark, has offered financial support to CVHLUX to the extent

funding and encouraging companies that contribute to sustainability (from an Environmental and/or Social and/or Governance perspective, “ESG”). For such a role to be played and the market to thrive

Why Do people Seek Help? 3 Alpha, Beta and Now…Gamma 4 Different Types of Gamma 5 6 No Portfolio is an Island 7 One Size Does Not Fit All 8 A Total Wealth View 9 A Total Wealth Perspective Over the

the risk-based argument, it is theoretically built on valuation perspective suggesting that, ceteris paribus, an increase in an earnings stream or a decrease in discount rate result in higher price. In

. Facilitates impact communications across different sectors. Focus on stakeholders’ perspectives Design of the framework helps project owners to look at impact from the perspective of stakeholders. Provides a

meetings. The purpose of this type of engagement is to share our perspective with the board about what we view as a significant impediment to our ability to meet our investment goals, and to explore ways to