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

: 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

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

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

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

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

free float should increase or not. Moreover, the investor could apply the relationship between free float ratio and shareholder wealth on their investment decision as the value investors. Working Paper

offering of capital increase ordinary shares to the Investor is reasonable. 3) Relationship Between the Investor and the Company, the Company’s Executive, Controlling Person, or Major Shareholder; and

Philippines. The Thai Investor Association also helps in preparing part of the CGR and actively participates in shareholder meetings on behalf of minority shareholders. The Bank of Thailand (BoT) is the central

energy according to the government policy. 3) Relationship Between the Investor and the Company, the Company’s Executive, Controlling Person, or Major Shareholder; and Material Agreement amongst Them