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Finding the right balance

Change is not easy. Yet the costs of not changing can be worse, say winners of this year’s Singapore Corporate Awards, who add that good corporate governance lies at the core of navigating transformation well.
Wednesday, July 20, 2016 - 05:50
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Volatility, uncertainty, complexity, ambiguity. In a landscape where these four words have become a catchphrase and disruption the flavour of the day, businesses face a plethora of tough choices. Should they move fast and break things? Or should they change at a calibrated pace but risk letting someone else eat their lunch? Navigating the trade-offs successfully and striking the right balance require a culture of good governance, robust controls and effective leadership - key values emphasised by the winners of the 2016 Singapore Corporate Awards, now in its 11th year.

Perhaps unusually, but not unsurprisingly, the prestigious Best Managed Board prize saw two gold winners in the large-cap category this year: OCBC and Singtel. And in a testament to the resilience of the local real estate industry amid a downturn, the Best CEO awards all went to developers, with Frasers Centrepoint Limited’s Lim Ee Seng taking home the large-cap trophy following an illustrious career.

Winners spoke about the importance of effective engagement between the board, management and other stakeholders, as well as building up diversity, sustainability and timely communication with investors.

This year, the Special Recognition Award went to City Developments Limited, which has been leading the charge in sustainability efforts.


Supplement Coordinator: Melissa Tan Sub-editors: Vivien Ang, Agnes Wee Cover design: Hyrie Rahmat Photographers: Arthur Lee, Yen Meng Jiin, Aidan Loo Advertising sales: Rix Low 9620 1365, Lina Tan 9620 1355