2. Bondholder Concerns a. Debt type (0.5 mark): If your firm borrows money, examine whether it borrows from banks or by issuing bonds. With either one, follow through and find more details on the borrowing 4 b. Debt covenants (0.5 mark): Check to see if there are covenants or restrictions imposed by the lenders. You may be able to find this information in the annual report or filings with the regulatory agencies. c. Default risk measures (0.5 mark): If your company has been rated by a ratings agency (S&P, Moody's, Fitch), find out the bond rating and the ratings agency's views of the company. 3. Financial Markets a. Trading and Liquidity (0.5 mark): If it is a publicly traded company, examine the portion of the shares that is available for trading (free float) and how much trading there is in the company (by looking at trading volume, relative to market value). If you can, get measures of liquidity costs from the market including bid-ask spreads. b. Analyst following (0.5 mark): If it is a publicly traded company, see if you can find a listing of the sell-side analysts who follow the company and what they think about the stock. Many services provide information on both metrics, with a breakdown of buy, sell and hold recommendations from analysts following a company. 4. Society and other Stakeholders a. Employee satisfaction (0.5 mark): Look for hard data on employee satisfaction such as employee turnover and compensation numbers for your company, relative to its peer group. Also, look for qualitative assessments of the company as an employer, generally from news stories about the issue. b. Society (1 mark): In general, it is tough to get a measure of how a company stands with society, unless your company is at one of the extremes. In addition to looking for news stories that mention your company is a social context, you can try to see if the company makes the lists of socially responsible corporations that are published by some external entities (environmental, labour and political) but recognize that they may be no consensus, since these groups have different agendas