Good corporate governance hailed at 11th Singapore Corporate Awards

THE leading lights of the local business scene clinched top honours on Tuesday evening at the prestigious 11th Singapore Corporate Awards (SCA), which honours Singapore-listed companies for excellence in corporate governance.

Prominent household names OCBC and Singtel both bagged gold for the coveted Best Managed Board in the large-cap category, which was for listed companies with at least S$1 billion in market value. The large-cap Best Managed Board bronze went to Global Logistic Properties.

The Best CEO award for large-caps went to Frasers Centrepoint Limited's (FCL) outgoing chief executive officer Lim Ee Seng, while Tuan Sing's William Liem won in the mid-cap category for firms with market values of S$300 million to less than S$1 billion and Kong Chee Min of Centurion Corp nabbed the Best CEO prize for small-caps which covers firms with market values below S$300 million.

City Developments Limited (CDL) snagged the SCA's inaugural Special Recognition Award, launched this year to recognise outstanding and exemplary conduct related to corporate governance not covered by the other awards. The group, one of Singapore's biggest developers, won for its "outstanding leadership and as a role model in pioneering sustainability practices in the building industry", the SCA organisers said in a press release.

In total, 32 companies and six individuals took home prizes, with the list of winners this year led by the Keppel group which swept five awards and the CapitaLand group which secured three.