Winners at SCA 2009

Companies with $1 billion and above in market capitalisation

Gold	SMRT Corporation Ltd
Silver	Singapore Airlines Ltd
Bronze	Singapore Petroleum Company Limited

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

Gold	WBL Corporation Ltd
Silver	Chemoil Energy Ltd

Companies with less than $300 million in market capitalisation

Merit	Baker Technology Ltd
Merit	Qian Hu Corporation Ltd

Objectives of the Award

Focus boards’ attention on transparency, accountability, performance orientation, good processes and practices
Provide a multi-dimensional view of board effectiveness
Underscores the importance of human capital practices at the board level
Ratchet up benchmarks by bringing the best out of board practices in Singapore

Awards will be presented to the Best Boards in the following categories:

Overall quality of corporate governance as reflected in board structure and practices
Board composition and accountability: independence, skill-mix, working relationships, commitment, etc
Board functioning: principles and processes, meeting and information management, structures committee functioning
Performance orientation: board, director and executive performance management, strategic guidance and company performance monitoring, performance-linked executive compensation
Managing company leadership: access to management, balance of power, succession planning and talent development
Directors' development and recognition: orientation, on-going development, alignment of compensation with shareholders' interests
Corporate transparency and governance disclosure: financial disclosure content & context, governance compliance and reasons for non-compliance, shareholder communication
Other corporate governance issues such as risk management, corporate social responsibility, etc.

Invitation to all listed companies and calls for nomination
Pre-qualify participants based on publicly available information
Collate data through SID Board of Directors survey 2008-2009 on the current board practices for comparative analysis
Gather feedback from each director to assess the performance of the board in which they serve
Analyse survey results to shortlist companies for each of the 3 categories for further evaluation through site visits
On-site review of information and discussions with short-listed companies
Finalists’ interviews with the Judging Panel comprising of eminent corporate leaders and practitioners
Judging Panel’s selection and placement of winners