About the Awards

What are the objectives of Singapore Corporate Awards?

The Singapore Corporate Awards (SCA) has three main objectives:

  1. To recognise and honour listed companies and individuals who have helped to raise Singapore’s corporate disclosure standards and corporate governance through their corporate practices.
  2. To showcase companies and key decision makers who have effectively implemented and promoted corporate disclosure standards and corporate governance in their companies.
  3. To create a platform for company managements to network and share ideas and views on good corporate governance.
When was SCA conceived? By whom?

The SCA was launched on September 19, 2005 as the umbrella awards for exemplary corporate governance practices. The SCA consolidated the Best Annual Report Award (ARA)* and Best Managed Board Award (BMBA)#, and incorporated two new awards – Chief Financial Officer of the Year and Best Investor Relations Award. We have introduced the Chief Executive Officer of the Year Award in September 2006 to recognise outstanding CEOs in our community.

Collectively, the SCA is organised by The Business Times and supported by Singapore Exchange with partners from the following organisations:

  • Institute of Certified Public Accountants of Singapore (ICPAS)
  • Singapore Institute of Directors (SID)
  • Citigate Dewe Rogerson, i.MAGE
  • NUS Business School
  • Aon Consulting
  • Egon Zehnder International
  • Investment Management Association of Singapore (IMAS)
  • Securities Investor Association Singapore (SIAS)
  • Pulses (Official Magazine)

* The ARA was introduced in 1974 to encourage listed companies to increase the level and quality of voluntary disclosures in their annual reports. This competition is jointly organised by the Institute of Certified Public Accountants of Singapore (ICPAS), The Singapore Exchange (SGX-ST), Singapore Institute of Directors (SID), The Business Times (BT), Securities Investors Association Singapore (SIAS) and the Investment Management Association of Singapore (IMAS).

# The BMBA, the first of its kind in the Asia Pacific, was launched in 2003 to recognise and encourage enhanced corporate governance within companies by focusing on people management issues at the Board level. It was initiated by the Economic Development Board (EDB) in consultation with SID and Hewitt Associates. SID, Hewitt, BT and the Singapore Business Federation jointly organised the Award, which was supported by EDB and SGX, and exclusively sponsored by UBS Wealth Management.

What are the nomination criteria for each Award?

Nomination for all awards is open to all listed, local companies for BMBA, CFO and CEO awards. All SGX-listed companies are screened and considered under the ARA and Best Investor Relations Awards. The judging criteria for each award are found under the “Awards” section.

  • Best Annual Report Award
  • Best Managed Board Award
  • Best Investor Relations Award
  • Chief Financial Officer of the Year
  • Chief Executive Officer of the Year
What are the benefits of this set of awards?

The biggest reward is the recognition and honour accorded to companies and individuals for their exemplary achievements in corporate disclosure and corporate governance, endorsed by the SGX-ST and all relevant professional bodies and institutions associated with the capital market.

Are there limits to the number of times a company/individual can win an Award?

For winning CFOs, they may stand for nomination again 2 years AFTER their first win. For all Gold winners, they will step down for 2 years after their first win in their respective categories ONLY. If, however, a company is upgraded from Catalist to the Main Board, they will be subject to a new time limit.

Is the Committee likely to introduce other Awards in the near future?

Yes, in fact, we have introduced the Chief Executive Officer of the Year Award in September 2006 to recognise outstanding CEOs in our community. More details of the Nomination Guidelines and Requirements as well as the Judging Process and Criteria are available here.

In future, as relevant and appropriate, we will introduce new awards to recognise and honour excellence while motivating others through these exemplary winners.

Will SCA 'go international' by including companies from other countries?

Our initial focus is to recognise and honour all companies with a primary listing on the Singapore Exchange, as well as CEOs and CFOs of such companies, who through their corporate practices, have helped to raise Singapore’s corporate disclosure standards and corporate governance.

Judging Process

Who are on the judging panel?

Each Award has a separate independent judging panel, comprising business leaders, professionals and academics.

Are there any charges involved in participating in these Awards?

Participation is free of charge for all categories.

What is the judging process like? How long will it take?

Each Award has its own screening/judging process. See relevant sections within this website.