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

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

Categories of Awards

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

  • Market Capitalisation of less than S$300 million
  • Market Capitalisation of S$300 million to less than S$1 billion
  • Market Capitalisation of S$1 billion and above

Award Criteria

  • 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.

Award Study Process

  • 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

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