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Companies with $1 billion and above in market capitalisation

Gold ico Gold Sembcorp Industries Ltd
silver ico Silver DBS Group Holdings Ltd
bronze ico Bronze SATS Ltd

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

Gold ico Gold Far East Orchard Ltd
silver ico Silver Riverstone Holdings Ltd
bronze ico Bronze China Sunsine Chemical Holdings Ltd

Companies with less than $300 million in market capitalisation

Gold ico Gold Geo Energy Resources Ltd
silver ico Silver Frencken Group Ltd
bronze ico Bronze iFAST Corporation Ltd

REITs & Business Trusts

Gold ico Gold CapitaLand Mall Trust
silver ico Silver Keppel DC REIT
bronze ico Bronze Frasers Hospitality Trust

First-Year Listed Companies

merit ico Merit Asian Healthcare Specialists Ltd
merit ico Merit SLB Development Ltd

Objectives of the Award

  • To recognise companies that embody the spirit of good corporate governance and corporate transparency; and hence adopt and implement best practices in investor relations (IR);
  • 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 the Award

The Award will be presented in the following categories:

  • Companies with market capitalisation of S$1 billion and above;
  • Companies with market capitalisation of S$300 million to less than S$1 billion;
  • Companies with market capitalisation of less than S$300 million;
  • REITs & Business Trusts;
  • First-Year Listed companies.

Selection and Judging Process

The selection and judging process consists of a three-stage process:

In Stage 1, all listed companies are subjected to a preliminary screening using the following sources:

  • The company’s Singapore Governance and Transparency Index score;
  • Dedicated IR link and IR contact on the company’s website and/or annual report.

In Stage 2, a final shortlist of companies is identified using the criteria (described below).

In Stage 3, a panel of judges reviews and evaluates the shortlisted candidates based on the information provided by the companies and evaluators.


The following criteria are 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 the types and quality 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, such as being on the SGX watchlist, late announcement of financial or AGM results, modified audit opinion, and queries about disclosures and announcements.


The organisation and evaluation for the Best Investor Relations Award is co-led by the Business Times and the Singapore Institute of Directors, with the support of Centre for Governance, Institutions and Organisations, NUS Business School.


Ms Ivy Teo

Singapore Institute of Directors

168 Robinson Road #11-03
Capital Tower
Singapore 068912

Telephone: 65-6422 1195
Facsimile: 65-6422 1199
Email: ivy@sid.org.sg

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