projects) as well as the ASEAN SBS (i.e. projects which involve activities that pose a negative social impact related to alcohol, gambling, tobacco and weaponry).

a negative social impact related to alcohol, gambling, tobacco and weaponry are excluded CASE STUDIES 9 ICBC’s first green bond ▪ Industrial and Commercial Bank of China (ICBC), the largest bank in

activities that pose a negative social impact related to alcohol, gambling, tobacco and weaponry are excluded from the ASEAN SBS. Issuers are also encouraged to develop a list of additional ineligible projects

transaction is an appropriate and beneficial to the Company on a long- term basis, and no disagreement to the Company’s Board of Directors has been raised by the Company’s directors and/or the audit committee

additional demand for non-audit service) (Shu, 2000) - the disagreement between a client and an auditor over accounting practices or internal control issues (Beneish et al., 2005) - auditors’ lack of industry

disposition of Planet’s ordinary shares transaction is an appropriate and beneficial to the Company on a long-term basis, and no disagreement to the Company’s Board of Directors has been raised by the Company’s

with the concept to improve real life 2 Mr.Thanathorn Boonsiripattanajaroen - Bachelor's Degree Peking University Department of Engineering Weaponry None None - Production Director The Bangkok Iron and

and unambiguous to avoid future disagreement as to whether a SPT has been met. 3-7 Can a third party ESG rating serve as KPI for a SLB? In principle, an issuer’s ESG rating as provided by an external

Disagreement of investors about high-risk stocks leads to overpricing in the presence of short sales constraints Size Low profitability leads to high distress risk and downside risk. Low liquidity and high cost

measures to tame the volatility. At the same time, Thai stock markets plunged throughout the quarter amid investors’ risk-off sentiment and a slump in oil prices due to disagreement on oil production between