Winners at SCA 2010
| Mr Choo Chiau Beng Chief Executive Officer |
Keppel Corporation Ltd |
| Dr Loo Choon Yong Executive Chairman |
Raffles Medical Group Ltd |
| Roland Ng President & Group CEO |
Tat Hong Holdings Ltd |
| Richard Eu Group Chief Executive Officer |
Eu Yan Sang International Ltd |
Objectives of the Award
- To recognise CEOs who have led an organisation to scale new heights in its respective industry segment, while also achieving excellence in corporate governance
- The winners of the Award are able to envision better ways of doing business and inspire employees to achieve excellence beyond their dreams in the products and services they provide. They are passionate in building their brand and establishing a compelling presence in the region and globally. Their achievements contribute to the development of their industry
Categories of Awards
Awards will be presented for the following categories of companies:
- Listed companies with market capitalisation of S$1 billion and above;
- Listed companies with market capitalisation of S$300 million to less than S$1 billion;
- Listed companies with market capitalisation of less than S$300 million.
Nomination and Award Study Process
Invitations will be sent to all listed companies and calls for nomination will be extended to others. A Judging Panel will then review, evaluate, interview and assess the nominations and decide on the winners.
Criteria
As nominees may come from any industry segment, where states of the market as well as measuring yardsticks differ, the criteria for evaluation will focus more on qualitative and behavioral traits. Specifically, the Best Chief Executive Officer nominees will be evaluated on the competencies listed below.
Corporate Governance
The CEO sets a tone of excellence in corporate governance through personal example and upholds a strict code of business ethics throughout the organisation. He/she builds high standards of governance, controls and accountability into the execution of business growth and expansion plans. He/she is able to maintain the right balance in relationship between board and management with a view to enhancing effectiveness. We will look at how the CEO acts as a true advocate of “best-in-class” board practice
Performance Orientation
The CEO must have delivered “best-in-class” performance, evidenced by having broken new grounds in the way business is done with a view to radically improving delivery. Large-scale improvement of results is achieved by substantial changes to the operating process of the organisation, such as implementing world-class standards. In some instances, it is not just about improving the business, but transforming it or creating a new standard.
Vision and Strategic Change
The CEO has a clear vision to build a long-term sustainable organisation. He/she is able to think strategically and lead change in the organisation to achieve that vision. Based on the vision, the CEO must be able to develop high-impact corporate strategy by integrating market, competition, trends and other factors to create significant impacts on the whole organisation. The CEO is able to build group momentum for change or embed culture of change to ensure the organisation remains at the forefront. He/she introduces high-impact actions such as redesigning organisation structures, processes, systems to drive and reinforce the desired changes.
Leadership
The great CEOs always put the right people in place. He/she has the ability and track record of having built and sustained a high-performance team, whose members are inspired to reach beyond original mandate and act as thought partners. The exceptional CEO can motivate his/her teams across geographical boundaries and build a high-performance team culture.
Talent Management and Development
The CEO is the key driver of talent management. He/she systematically builds team capability, in terms of understanding the capabilities of immediate team members and reaching out to develop promising team members at other levels. He/she ensures the organisation trains and nurtures talent with a view to retaining institutional domain and knowledge. He/she encourages creativity.
Corporate Social Responsibility
The CEO is committed to making a positive impact on the economic, social and environmental well-being of the society in which his/her business operates. He/she promotes greater environmental responsibility, corporate philanthropy, volunteerism and community outreach programs. He/she fosters the practice of corporate social responsibility within the organisation as well.
