Winners at SCA 2010

Companies with $1 billion and above in market capitalisation

Gold	StarHub Ltd
Silver	SMRT Corporation Ltd
Bronze	Singapore Press Holdings Ltd

Companies with $300 million to less than $1 billion in market capitalisation

Gold	Midas Holdings Ltd
Silver	Petra Foods Ltd

Companies with less than $300 million in market capitalisation

Gold	BH Global Marine Ltd
Silver	Soilbuild Group Holdings Ltd
Bronze	Micro-Mechanics (Holdings) Ltd

Introduction

The Best Investor Relations Award is one of the awards under the auspices of the Singapore Corporate Awards to recognise and acknowledge the best in investor relations practices among Listed Companies.

The winners of the Best Investor Relations Award are exemplary role models in Investor Relations practices who often go beyond the mandatory regulatory requirements in quality of disclosure, corporate transparency and fairness in disclosure

Objectives

To recognise companies who embody the spirit of corporate governance and corporate transparency; and, hence, adopt and implement best practices in Investor Relations
To motivate other listed companies to improve the quality of their disclosure and raise their standard of corporate governance in their communication with shareholders and the investing public

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
Newly-listed companies

One winner will be selected for each category.

Selection and Judging Process

The selection and judging process will consist of a 3-step process:

Step 1 : Preliminary Screening of Candidates
Companies will be subject to a preliminary screening using the following sources:

The company’s Corporate Transparency Index¹ score
1. For large cap companies, their CTI scores must put them in the top 10% ranking of all listed companies to qualify them for shortlisting
2. For mid cap companies, their CTI scores must put them in the top 20% ranking of all listed companies to qualify them for shortlisting
3. For small cap companies, their CTI scores must put them in the top 20% ranking of all listed companies to qualify them for shortlisting
The company’s score using the Singapore Corporate Governance Award scorecard
1. The companies, regardless of their market capitalisation, have to be ranked in the top 30% in terms of their SCGA score, to be shortlisted for consideration of the award
Dedicated IR link and IR contact on company’s website and/or annual report

In order to pass through this initial phase of screening, companies have to meet ALL of the above-mentioned criteria. Newly-listed companies are defined as those which listed on the Singapore Exchange between 1 July 2007 and 30 June 2008. Newly-listed companies must at least have a dedicated IR link with an IR contact for them to pass the preliminary screening.

Step 2 : Shortlisting and Obtaining Additional Inputs
After the preliminary screening, the following process is used to identify the final shortlist of companies:

Responsiveness of the IR contact to cold calls and emails
Comprehensiveness/user-friendliness of the IR link, specifically types of information provided (e.g., annual reports, presentations, etc.) and speed of downloads
Whether the company submits requested information on the IR function and practices
Whether there are negative news items related to IR

The shortlisted companies are requested to send information on the following areas:

a designated IR officer we can contact to ask questions about the company's IR practices
the structure of the IR function, including an organisation chart showing how the IR function fits within the organisation, reporting relationship, seniority of the IR head and experience of the IR team
key IR tactics and tools employed by the company, e.g., roadshows, use of website to communicate with investors, meetings with investors, analysts and media, any special "town hall" meetings with small investors, who are present at these meetings with investors, analysts, media, etc.
Major corporate governance initiatives undertaken by the company which the company wishes to highlight (beyond those that are disclosed in the annual report)
any other relevant information which the company wishes to highlight, such as IR and related accolades won by the company, specific examples of how the company handled significant events of interest to investors, such as privatisation of subsidiaries, succession of key management, share buyback, etc

There will also be a poll of fund managers by Investment Management Association of Singapore (IMAS) on companies with outstanding investor relations practices.

Step 3 : Final Selection by the Judging Panel
A Judging Panel will then review and evaluate the shortlisted companies using information from stage 2. The decision of the Judging Panel will be final.

¹ From 2010 onwards, the Governance and Transparency Index will be used instead.