Contents ANNUAL REPORT 2011 2 7 8 15 16 17 20 6 14 Notice of Annual General Meeting Corporate Information Corporate Governance Statement Statement on Corporate Social Responsibility Statement on Internal Control 24 26 27 87 92 25 Chairman’s Statement Corporate Structure 86 Financial Statements 91 List of Group Properties 94 Analysis of Shareholdings Proxy Form 19 Directors’ Profile 23 Audit Committee Report 2 UMS HoLDINGS BeRHAD (74125-V) ANNUAL RePoRt 2011 notice of ANNUAL GeNeRAL MeetING
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Take square root of variance to get standard deviation. Why are combinations of two risky assets concave? * Depends on extent of correlation between assets making up the portfolio … Assume that we have two assets (1 and 2), and the extreme cases of perfect
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becomes engulfed by emotions of fear and guilt. Those emotions cause the individual to experience a significant amount of stress, and in order to cope with the stress, the individual will exhibit unusual and recognizable behaviour patterns. In this case, Jamel’s behaviour is very suspicious. First, body language such as the facial expressions and body posture can show people emotion and thinking especially when someone is trying to lying to another. In the meeting between Jamel and Mat Jon, Jamel’s
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happens when the market is not in equilibrium? Suppose new information is revealed such that the market must adjust toward a new equilibrium which incorporates the news. Or suppose that a new security is introduced into the marketplace, as was the case of new issues studied in the Ibbotson (1975) paper. Given such a situation, the abnormal performance of an asset can be measured by the arbitrage profits available as its price is adjusted to a new market equilibrium. Before the disequilibrium situation
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(cost of debt) E = Total market value of equity D = Total debt and leases K = E+D = Total capital invested Tc = Corporate Tax Rate Capital Asset Pricing Model (CAPM) • Asset Pricing Equation: E(ri) = rrf + bi[E(rm)-rrf] , where E(ri) is the expected return on the security. rrf is the risk free rate
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Zayed had assigned the tasks to Cik Amy, the Finance Executive who was newly appointed by the company to analyse and provide the Auditors with the necessary clarification and documentation. Question 1: Were there any abuses of power by the management and breach of fiduciary on the part of the director? Answer: What is fiduciary duty? A fiduciary duty of directors is to act in good faith, with reasonable care, and in the best interest
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AirAsia Berhad (284669-W) Annual Report 2010 Annual Report 2010 welcome on board. AirAsiA BerhAd AnnuAl report 2010 A Promise mAde, A Pledge KePt When AirAsiA stArted out As A loW-cost Airline in 2002, We pledged to mAke Air trAvel AffordAble for everybody. todAy, nine yeArs doWn our corporAte journey, We knoW We hAve kept to our initiAl promise. in october 2010, we flew our 100 millionth guest, a young, newly married indonesian housewife who was going to visit her husband working
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AirAsia Berhad (284669-W) Annual Report 2010 Annual Report 2010 welcome on board. AirAsiA BerhAd AnnuAl report 2010 A Promise mAde, A Pledge KePt When AirAsiA stArted out As A loW-cost Airline in 2002, We pledged to mAke Air trAvel AffordAble for everybody. todAy, nine yeArs doWn our corporAte journey, We knoW We hAve kept to our initiAl promise. in october 2010, we flew our 100 millionth guest, a young, newly married indonesian housewife who was going to visit her husband working
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The Development of Conservation in Theory and Practice In considering the issue of wildlife conservation, a link to development rises quickly to the surface. After all, the animals seemingly considered the most prized by the collective popular consciousness, such as primates, occur predominantly in tropical areas of the world considered by most to be “underdeveloped.” According to the United Nations Population Division of the Department of Economic and Social Affairs, the rate of growth
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Introduction Malaysia consists of a federation of fourteen states. Article 4(1) of the Malaysian Constitution states that the supreme law of the federation is the Constitution. Malaysia follows the Westminster model of government. The Cabinet headed by the Prime Minister exercises executive power. Both the prime minister and Cabinet answers to the parliament. The Monarch appoints the Prime Minister. He is the leader of the ruling party in the lower house (House of Representative) of the Parliament
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