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View all search resultsThe creation of a corporate government code based on the 1945 Constitution' could prevent Indonesian businesses from making decisions that harm tribes living around their projects and the environments the tribes have inhabited for generations.
While Indonesia may have avoided any direct fallout from the bank failures in the United States and Europe earlier this year, local financial institutions face the same difficulties stemming from the lack of good governance that was at the root of those collapses.
Albeit the PRI, the "official" principles for ESG, is supported by the UN to promote more-sustainable investment and business operation, there is no binding agreement that can hold all entities to adopt the ESG framework.
Shareholders of the long-haul affiliate of AirAsia Group approved all resolutions at an extraordinary general meeting, including a rights issue and a share subscription for new investors to raise 500 million ringgit.
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