SCA honours leaders in corporate governance

Tan Nai Lun

Published Fri, Sep 16, 2022 · 5:50 am
Winners of the Best Managed Board (Gold) awards with the minister and the SCA organisers and sponsors. From left: Kelvin Tan, council member of ISCA;
Marcus Lam, executive chairman, PricewaterhouseCoopers; Kenny Yap, chairman, Qian Hu Corporation; Bob Tan, chairman, SBS Transit; Minister Ong Ye Kung; Peter Seah, chairman, DBS; Wong Su-Yen, chairman, Singapore Institute of Directors; Wong Wei Kong, editor, The Business Times and award sponsor, Patrick Lee, Cluster CEO, Singapore, and Asean Markets of Standard Chartered Bank.
Guest of honour and Minister for Health
Ong Ye Kung says boards of today have more things to worry about, amid the increasing focus
on less tangible but crucial aspects, such as ESG- related considerations.
Winners of the Best Chief Financial Officer award. From left: Eve Chan of Metro Holdings; Andrew Lim of CapitaLand Investment and Yeo Swee Cheng of LHN.
Kwa Chong Seng, chairman of Singapore Exchange and Jessica Tan, board member of SATS.
Patrick Lee, Cluster CEO, Singapore, and Asean Markets of Standard Chartered Bank.
From left: Tan Boon Gin, CEO of SGX RegCo, Willie Cheng, past chairman of SID and Shai Ganu, managing director of Willis Towers Watson and SID council member.
StanChart’s CEO, consumer, private & business banking, Judy Hsu, enjoying a conversation with Jennie Chua, (back to camera) deputy chairman, SPH Reit.
Co-hosts, Edmund Lin, chairman South-east Asia, Bain & Co and Fang Eu-Lin, Partner, PwC and Sustainability and Climate Change Leader.
Vinay Gandhi, regional head, private bank; global head, Global South Asia Community; global head, Trust, at Standard Chartered Bank.
Terence Quek, CEO SID, taking a wefie with Teo Ser Luck, president of ISCA, Tan Yen Yen, board member of OCBC and Kenny Yap, chairman of Qian Hu.
Best Chief Executive Officer award winners, Wee Ee Cheong (left) of UOB (market cap above S$1 billion) and Sim Wing Yew of Vicom (market cap S$300 million to S$1 billion).
SBS Transit stafff and well-wishers flanking the company’s award winners, Susan Kong, independent non-executive director (with trophy for Best Annual Report award – Silver); chairman Bob Tan (with trophy for Best Managed Board award – Gold) and CEO Cheng Siak Kian (with trophy for Best Risk Management award – Gold).
Piyush Gupta, chief executive officer of DBS catching up with the bank’s chairman Peter Seah.
Teo Ser Luck, president of the Institute of Singapore Chartered Accountants with Jennie Chua, deputy chairman of SPH Reit.
Qian Hu’s chairman, Kenny Yap’s attention is caught by an item on stage during the gala dinner.
Executive chairman of Uni-Asia Group Michio Tanamoto receiving the trophy for Best Investor Relations award (Silver) from The Business Times editor Wong Wei Kong. Accompanying them are Lee Suan Hiang of SID (left) and Prof Lawrence Loh, director of CGS, Centre for Governance and Sustainability, NUS Business School (right).
From left: Tan Yen Yen, board member of OCBC, Professor Tan Cheng Han, chairman of SGX RegCo, Angeline Lee, group general counsel, ComfortDelGro.
Todd Dollinger, chairman of The Trendlines Group after receiving the trophy for Best Managed Board (Bronze) from Mr Ong. Accompanying them are PwC’s Marcus Lam (extreme left) and SID’s Wong Su-Yen.
Emcee Elizabeth Kong, Asia general counsel of 3M (transportation and electronics), keeping the upbeat atmosphere at the dinner.
The DBS party in high spirits as they celebrate their bank’s wins in 3 award categories – Best Managed Board (Gold); Best Risk Management (Gold) and Best Annual Report (Silver).

Singapore Corporate Awards 2022

THIS year, the 17th Singapore Corporate Awards (SCA) honoured 32 lissted companies for their exemplary performance in corporate governance and sustaining shareholder returns.

The black-tie event welcomed around 460 guests at the Ritz-Carlton, Millenia Singapore on Aug 30.

In a welcome address, Wong Wei Kong, editor of The Business Times and co-chair of SCA, said: "The pandemic has shown us that good corporate governance is not just about shareholder returns, but also accountability, responsibility, sustainability and diversity."

Kelvin Tan, council member of the Institute of Singapore Chartered Accountants (ISCA) and co-chair of SCA, also said a strong governance framework lays the foundation for companies to navigate the turbulent environment and foster trust with stakeholders.

Wong Su-Yen, co-chair of SCA and chairperson of the Singapore Institute of Directors said: "As the world becomes increasingly fast-paced and multi-faceted, so should the role and composition of a company's board of directors, in order
to encourage more informed and diverse perspectives for the best decision making."

Winners of the Best CEO award were Wee Ee Cheong from UOB, Sim Wing Yew from Vicom and Lou Yiliang from InnoTek.

SEE ALSO

For Best Managed Board, winners were DBS, SATS and OCBC in the large-cap category; SBS Transit, Del Monte Pacific, Hong Leong Asia and Rex International in the mid-cap category; and Qian Hu Corporation, Sing Investments & Finance and The Trendlines Group in the small-cap category.

Speaking at the event, guest-of-honour and Minister for Health Ong Ye Kung said boards of today have more things to worry about, amid the increasing focus on "less tangible but crucial aspects", such as environmental, social and governance (ESG)-related considerations.

He said: "(ESG demands) reflect the complex world we live in today, and the collective concerns of our stakeholders."

SCA was co-organised by The Business Times, ISCA and the Singapore Institute of Directors.

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