Date: Monday, 10 July 2017
Venue: NUSS Suntec City Guild House, Guild & College Function Rooms
The Centre for Governance, Institutions and Organisations (CGIO), together with Securities Investors Association (Singapore) (SIAS), launched 2 new awards and rationalised existing scorecards at a joint press release cum briefing session on Monday, 10 July at the NUSS Suntec City Guild House. The 2 new awards and rationalized scorecards are:
- Singapore Corporate Governance Award (SCGA) – By market capitalisation: Big Cap, Mid Cap, Small Cap, By Industry
- Diversity Award
- REITs & Business Trusts Corporate Governance Award
- Sustainability Award (NEW)
- Shareholder Communications Excellence Award (NEW)
The purpose of the event was to brief representatives from publicly-listed companies in Singapore on the selection criteria and process for SIAS upcoming 18th Investors’ Choice Awards (ICA) in September 2017 and introduce new scorecards pertaining to sustainability reporting and shareholders’ communication.
In his opening address, Mr David Gerald (President and CEO of SIAS) reiterated the value of rating and awarding companies and alluded to the instrumental role of SIAS ICA in helping investors make better informed investment choices and build trust with listed companies, who are stewards of their investments.
CGIO’s Director, Professor Lawrence Loh, took the audience through the various scorecards’ research methodology and assessment criteria.
During the lively Question and Answer session, both Mr Gerald and Professor Loh highlighted the unique features of SIAS’s ICA that set it apart from other awards – its higher weightage on shareholders’ rights and the incorporating of Thomson Reuters’ financial performance ratings in its selection and assessment criteria.
The launch attracted around 80 representatives from various listed companies, international body such as OECD and local institutions, SGX and ACRA. The event provided an important platform for investors and public companies to provide feedback on the scorecards and was reported in The Straits Times and The Business Times on 12 July 2017.
The event attracted approximately 80 representative such as CEOs, CFOs and Investor Relations’ executives from publicly-listed companies.