Winners at SC Awards 2008
Market Capitalisation of $500m or more
| Gold |
Singapore Exchange Ltd |
| Silver |
CapitaLand Ltd |
| Bronze |
Singapore Petroleum Company Ltd |
| Bronze |
SMRT Corporation Ltd |
Market Capitalisation of less than $500m
| Merit |
Qian Hu Corporation Ltd |
Objectives
- To focus Boards' attention on accountability, performance and good management practices
- To provide a multi-perspective view of Board effectiveness
- To ratchet up benchmarks by bringing the best out of Board practices in Singapore
Awards will be presented for the following categories of companies:
- Main Board listed companies with market capitalisation of S$500 million and above
- Main Board listed companies with market capitalisation below S$500 million
- Catalist listed companies
Award Criteria
Directorial practices going beyond the “must dos”.
- Quality of corporate governance as reflected in Board practices
- Assessment of Boards’ effectiveness by directors and key executives
- Board composition and accountability: independence, skill-mix, working relationships, commitment
- Board functioning: Principles and processes, information management, structures and meetings
- Performance orientation: Executive performance management, directors’ performance, strategic guidance, performance-linked executive compensation of Directors and Senior Executives
- Managing company leadership: Access to management, balance of power, succession planning
- Directors’ development and recognition: Orientation, on-going development, rewards
- Corporate transparency and governance disclosure: Financial disclosures content & context, SGX disciplinary actions, governance compliance and reasons for non-compliance
Award Study Process
- Invitation to all listed companies and calls for nomination by others
- Pre-qualify participants based on publicly available information
- Questionnaire for completion by all executive and non-executive directors / collect data on directorial practices from company secretaries/ review SGX filings on governance issues
- Where appropriate, on-site review of information and discussions
- Shortlist a number of finalists for Judging Panel
- Interview with Judging Panel
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