Date: 3 August 2016
Venue: Mandarin Orchard Hotel, Mandarin Ballroom
- Mr William Liem, CEO, Tuan Sing Holdings
- Mr John Lim Kok Min, Chairman, Boustead Projects
- Mr Tan Boon Gin, Chief Regulatory Officer, Singapore Exchange
- Mr Hugh Young, Managing Director, Aberdeen Asset Management Asia
Moderated by: Mr Melvin Yong, Country Head – Singapore, CPA Australia
The SGTI 2016 results were officially unveiled on Wednesday, 3 August 2016 at a joint conference by CPA Australia, NUS Business School’s Centre for Governance, Institutions and Organisations (CGIO), and Singapore Institute of Directors. The forum attracted over 200 high level executives and policy makers with interest in the latest developments in corporate governance.
The SGTI has replaced the Governance and Transparency Index (GTI) this year as the benchmark for corporate governance assessments among SGX-listed companies. In particular, it strengthens measurements for corporate governance practices and disclosures along these principles. In addition, drawing from the G20/OECD Principles of Corporate Governance, the refined index adopts a sharper and more focused consideration of the company’s stakeholders and shareholders.
Guest of Honour, Mr Chew Choon Seng, Chairman of Singapore Exchange delivered the keynote speech. Associate Professor Lawrence Loh, Director of CGIO, presented the latest findings from SGTI 2016 - the most comprehensive study of 631 listed companies in Singapore. His presentation can be accessed here. Professor Loh also discussed the latest SGTI 2016 scores, trends, and the areas for improvements. Following that, awards were presented to the top 5 listed companies in Singapore as well as the top-ranking mid-cap and small-cap companies based on their SGTI 2016 scores.
Thereafter, an invigorating discussion was brought together by the distinguished panelists representing companies from the various market capitalisation categories. The panellists shared their views on various matters of Singapore's corporate governance and how companies should broaden their focus to handle a wider range of stakeholders. Participants also raised questions during the panel, including queries about the new methodologies and whistle-blowing policies.
The forum attracted media coverage from Channel News Asia, The Straits Times and made front page news in The Business Times on 4 August 2016.