Exclusion of Credit Rating Agency Business from Securities Business in the Category of Securities Investment Advisory

The Exclusion of Investment Management for Private Equity Firm from Securities Business in the Category of Private Fund Management

Exclusion of Credit Rating Agency Business from Securities Business in the Category of Securities Investment Advisory (Codified KorChor 16/2558)

Category of Investment Advisory Service   25/02/2016 01/04/2016 5. Notification of the Securities and Exchange Commission  KorChor 1/2555 Exclusion of Credit Rating Agency Business from Securities

feeling the need to hide their gender identity • 31% of LGBTI workers feel unhappy or depressed • Transgender people face the most frequent and severe discrimination and exclusion in the workplace and

concept of ‘climate stewardship’. The on-going dialogue with investee companies is a powerful tool to encourage them to have effective oversight of climate-related risks that may affect the long-term value

instrument, to the point where informal mechanisms such as corporate culture have only a limited role to play. In other words, powerful boards might serve as a substitute for a strong corporate culture. This

uncomfortable with individual engagement. } When an investor has a small number of shares, or is resource-constrained. A cautionary note about collaborative letters: Collaborative letters can send a powerful

concept of ‘climate stewardship’. The on-going dialogue with investee companies is a powerful tool to encourage them to have effective oversight of climate-related risks that may affect the long-term

criteria ▪ Step 3: Introduce oversight ▪ Step 4: Adapt investment process ▪ ABSOLUTE EXCLUSION No investment in exclusionary criteria ▪ THRESHOLD EXCLUSION Partial investment ▪ RELATIVE EXCLUSION Best-in