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SIAS 18TH INVESTORS' CHOICE AWARD 2017



Singapore Corporate Governance Award

Golden Circle Award

CapitaLand Limited

Big Cap

Winner
CapitaLand Limited

Runners-up
DBS Group Holdings Limited
Singapore Telecommunications Limited

Merit
Oversea-Chinese Banking Corporation
SATS Limited
Singapore Exchange Limited

Mid Cap

Winner
Tuan Sing Holdings Limited

Runners-up
Banyan Tree Holdings Limited
Keppel Telecommunications & Transportation Limited

Small Cap

Winner
Sing Investments & Finance Limited

Runners-up
Micro-Mechanics (Holdings) Limited
Qian Hu Corporation Limited

Diversity

Winner
Singapore Telecommunications Limited

Runners-up
SATS Limited
Singapore Exchange Limited

REITs and Business Trusts

Winner
CapitaLand Mall Trust

Runner-up
CapitaLand Commercial Trust

Catalist

Winner
LHN Limited

Consumer Discretionary

Winner
Singapore Press Holdings Limited

Runners-up
Banyan Tree Holdings Limited
Qian Hu Corporation Limited

Consumer Staples

Winner
Olam International Limited

Runner-up
Wilmar International Limited

Energy

Winner
China Aviation Oil (Singapore) Corporation Limited

Financials

Winner
DBS Group Holdings Limited

Runners-up
Oversea-Chinese Banking Corporation
Singapore Exchange Limited

Industrials

Winner
SATS Limited

Runners-up
Keppel Corporation Limited
Sembcorp Industries Limited
Singapore Technologies Engineering Limited

Information Technology

Winner
Venture Corporation Limited

Runner-up
Micro-Mechanics (Holdings) Limited

Newly Listed

Winner
Boustead Projects Limited

Real Estate

Winner
CapitaLand Limited

Runners-up
City Developments Limited
Global Logistic Properties Limited
Tuan Sing Holdings Limited

Telecommunication Services

Winner
Singapore Telecommunications Limited

Runner-up
StarHub Limited

Objective

All scorecards in the selection process are jointly developed by SIAS with the Centre for Governance, Institutions and Organisations (CGIO) of NUS Business School to recognise listed companies that have excellent corporate governance practices and shareholder interests.

Categories of Award

  • Big Cap - market capitalisation of $1 billion and above;
  • Mid Cap - market capitalisation of $300 million to less than $1 billion;
  • Small Cap - market capitalisation of less than $300 million;
  • Other Classifications;
    By Industries – using the Global Industry Classification Standard (GICS) | Newly-listed | Catalist | Diversity | REITs & Business Trusts

Selection Process

Stage 1

All SGX listed companies are assessed using the SCGA Scorecard. The SCGA Scorecard framework rates companies based on five areas: STARS - Shareholders' rights and equitable treatment, Transparency and disclosure, Accountability and audit, Responsibilities of the board and Stakeholders' roles. It includes emphasis on shareholders' rights and updated coverage of stakeholder engagement from the G20/OECD Principles of Corporate Governance.

Stage 2

The top 20 % of the companies in each category are further assessed incorporating the Thomson Reuters StockReports+ scores. The scores are incorporated to assist investors to choose not only well-governed companies but also, financially well performing companies for investment. The StockReports+ scores comprised of analyst ratings of earnings, fundamentals, relative valuations, risks, price momentum and insider trading.

Diversity Award

The top 10% of companies are further assessed against the Diversity Scorecard based on gender diversity, board independence, directors' breadth of experience and skill sets, and board diversity policy.

REITs & Business Trusts Award

REITs and Business Trusts (BTs) are assessed using the SCGA REITs and BTs Framework based on Responsibilities and Structure, Interested Party Transactions (IPTs), Distribution and Valuation, Gearing and Credit and Emolument & Performance. The top 20 % of companies are further assessed incorporating the Thomson Reuters StockReports+ scores.

Final Selection Stage

The shortlisted companies will be reviewed based on qualitative and quantitative inputs with the SCGA Selection Committee Members. Companies with the highest scores may not necessary clinch the awards.

The Selection Committee consists of the following members:

Chairman
Mr. Gautam Banerjee
Chairman,
Blackstone Singapore Pte Ltd

Advisor to SCGA
Prof. Gunter Dufey
Professor Emeritus of Corporate Strategy and International Business and Professor Emeritus of Finance,
University of Michigan - Business School

Ex-Officio
Mr. David Gerald
Founder, President and CEO,
Securities Investors Association Singapore (SIAS)

Members
Prof. Lawrence Loh
Director, Centre for Governance, Institutions and Organisations (CGIO)
National University of Singapore

Mr. Lawrence Kwan
Chairperson, Corporate Governance & Advocacy Taskforce
Chartered Secretaries Institute of Singapore (CSIS)

Mr. Basil Chan
Representative
Institute of Singapore Chartered Accountants (ISCA)

Ms. Lee Su Shyan
Business Editor
The Straits Times

Ms. Anita Gabriel
Representative
The Business Times

Mr. Daryl Neo
Founding Director
Handshakes

Ms. Tan Boon Yen
President
The Institute of Internal Auditors (IIA) Singapore

Ms. Melinda Sam
CEO
Securities Association of Singapore (SAS)

Mr. Mike Seng
Representative
Investment Management of Singapore (IMAS)

Mr. Joseph Alfred
Representative
The Association of Chartered Certified Accountants (ACCA Singapore)

Mr. Loh Chee Kong
Representative
TODAY Newspaper

Mr. Evan Law
Chief Executive
Singapore Accountancy Commission (SAC)

Mr. Gregory Vijayendran
President
The Law Society of Singapore

Ms. Quek Lee Kiang
Business Editor
Lianhe Zaobao

Knowledge Partners

SCGA NUS CGIO   SCGA Thomson Reuters

Transparency Award - Small & Mid Cap

  • Artivision Technologies Limited
  • Baker Technology Limited
  • Del Monte Pacific Limited
  • Dynamic Colours Limited
  • Hong Leong Asia Limited
  • Hotel Royal Limited
  • InnoTek Limited
  • Japan Foods Holding Limited
  • K1 Ventures Limited
  • Manufacturing Integration Technology Limited
  • Miyoshi Limited
  • Mun Siong Engineering Limited
  • Riverstone Holdings Limited
  • SBS Transit Limited
  • Singapore O&G Limited
  • Soilbuild Construction Group Limited
  • VICOM Limited

Objective

To encourage SGX-listed SMEs to be more transparent so as to help investors make informed decisions.

Selection Process

Companies are first evaluated and shortlisted using the scorecard developed for SIAS by CGIO of NUS Business School which includes an emphasis on shareholders' rights and updated coverage of stakeholder engagement from the G20/OECD Principles of Corporate Governance. Companies are assessed on transparency and disclosures in key areas such as related party transactions, timely financial reports, directorships held in other companies. The selection process also takes into consideration the "Disclosure and Transparency" aspect based on publicly available information and the company's performance.

The shortlisted companies will be reviewed based on qualitative and quantitative inputs with the Transparency Award Selection Committee Members. Companies with the highest scores may not necessary clinch the awards.

The Selection Committee

Mr. David Gerald (Chairman)
Founder, President and CEO, SIAS

Mr Christopher Cheong
Senior Lecturer, Singapore Polytechnic

Mr. Harold Woo
President, IRPAS

Prof. Lawrence Loh
Assoc Professor, Deputy Head of Department, Strategy & Policy,NUS Business School

Mr. R Sivanithy
Senior correspondent, SPH

Knowledge Partner

SCGA NUS CGIO

Shareholder Communications Excellence Award

Big Cap

  • CapitaLand Limited
  • City Developments Limited
  • Singapore Telecommunications Limited

Mid Cap

  • AIMS AMP Capital Industrial REIT
  • Ascendas Hospitality Trust
  • Centurion Corporation Limited

Small Cap

  • Asia Enterprises Holding Limited
  • CNMC Goldmine Holdings Limited
  • Micro-Mechanics (Holdings) Limited

Objective

The scorecard for the selection process is jointly developed by SIAS with the Centre for Governance, Institutions and Organisations (CGIO) of NUS Business School, to recognise listed companies that practice good investor relations.

Categories of Award

  • Big Cap - market capitalisation of $1 billion and above;
  • Mid Cap - market capitalisation of $300 million to less than $1 billion;
  • Small Cap - market capitalisation of less than $300 million;

Selection Process

Stage 1

All SGX listed companies are evaluated based on ‘Shareholders' Rights and Equitable Treatment' and ‘Transparency and Disclosure' Sections of the STARS framework. The top 20% of companies with the highest scores are then assessed further using the Shareholder Communications Excellence Assessment Scorecard (Stage 2).

Stage 2

The shortlisted companies are also assessed based on Shareholder Communications Excellence criteria:

  • Policy and Structure
  • Disclosure and Practices
  • Communication and Outreach
  • Following and Coverage

The Company's communication activities such as Investors Day, Dialogue sessions and briefings are included as part of the overall score.

Final Selection Stage

The shortlisted companies will be reviewed based on qualitative and quantitative inputs with the SCEA Selection Committee Members.

SCEA 2017 Selection Committee Members

Chairman
Mr. David Gerald
Founder, President and CEO,
Securities Investors Association Singapore (SIAS)

Members
Mr. Ang Hao Yao
Director, Credit Counselling Singapore

Ms. Elaine Lim
Director, Stamford Corporate Services Pte Ltd
Mr. Harold Woo
President, IRPAS

Mr. Mark Laudi
CEO, Hong Bao Media

Mr. Michael Lim
Executive Director, IMAS

Mr. Sivanithy Rathanathan
Senior Correspondent, Singapore Press Holdings

Knowledge Partner

SCGA NUS CGIO

Sustainability Award

  • CapitaLand Limited
  • City Developments Limited
  • DBS Group Holdings Limited
  • Keppel Corporation Limited
  • Sembcorp Industries Limited
  • Sembcorp Marine Limited
  • Singapore Telecommunications Limited
  • StarHub Limited

Objective

The Sustainability Award (SA) is a new award jointly presented by SIAS and CGIO to recognise companies with substantial Sustainability Reporting report and practices.

Sustainability Award Assessment Process

Stage 1

Companies are assessed using the Sustainability Score Framework and the top 20% of companies are further assessed incorporating Thomson Reuters StockReports+ scores.

The Sustainability Award Scorecard assesses companies in the following areas:

  • Drivers (companies are assessed on their leadership and culture)
  • Ingredients (companies are assessed on their ESG practices)
  • Pillars (companies are assessed on their framework, materiality assessment and stakeholder engagement)

Stage 2

All shortlisted companies for the various awards are further subjected to another round of evaluation where feedback from retail investors, funds and high net worth investors are also taken into account.

Final stage

The shortlisted companies will be reviewed based on qualitative and quantitative inputs with the SCGA Selection Committee Members. Companies with the highest scores may not necessary clinch the awards.

Best Retail Broker Award

Winner
Phillip Securities Pte Ltd

Runners-up
CIMB Securities (Singapore) Pte Ltd
DBS Vickers Securities (Singapore) Pte Ltd

Special Award - Most Improved
KGI Securities (Singapore) Pte Ltd

Objective

To encourage brokerage firms to better their quality of service and information provided to ensure retail investors have a good understanding of what they invest in.

Selection Process

SIAS, in collaboration with Singapore Management University and Investment Trends have developed a set of criteria for the effective evaluation of brokerage firms in Singapore.

Companies are shortlisted through the following processes:

  • Stage 1 – Through qualitative research, SMU identifies brokerage firms based on variables that are, inter alia, range of products, accounts and market covered, trading cost, trading platforms and modes, customer education and service, including handling of complaints, number of security measures and quality of mobile applications.
  • Stage 2 – Through quantitative research, Investment Trends, a global financial services market research organisation incorporates their research findings into the survey on the brokers, based on variables such as, customer education and services, advisory services / remisiers, provision of company research, charting, choice of investments, trading ideas & strategies, functionality, speed and reliability of website and mobile app platform, and rewards loyalty programme.
  • Stage 3 – Based on both qualitative and quantitative research, results are tabulated and scored.
  • Final Stage – Selection Committee Members meet to decide the winners based on the tabulated results.

BRBA 2017 Selection Committee Members

Mr. Harold Woo (Chairman)
President, IRPAS

Mr. David Gerald (Ex-Officio)
Founder, President and CEO, SIAS

Prof. David Ding
Associate Professor of Finance (Education), Lee Kong Chian School of Business (SMU)

Mr. Ang Hao Yao
Director, Credit Counselling Singapore

Mr Christopher Cheong
Senior Lecturer, Singapore Polytechnic

Knowledge Partners:

SMU Lee Kong Chian   Investment Trends

Financial Journalist Award

Financial Journalist of the Year

  • Hu Yuanwen, Business Correspondent, Lianhe Zaobao
  • Jamie Lee, Banking and Finance Correspondent, The Business Times

Investor Education Journalist of the Year

  • Dawn Tan, Presenter & Host, Money Mind, Channel NewsAsia
  • Quek Suzane, Associate Business Editor, Lianhe Zaobao

Most Promising Journalist of the Year

  • Angela Teng, Business Reporter, TODAY

Special Award

  • Claire Huang, Correspondent, The Business Times
  • Grace Leong, Business Correspondent, The Straits Times

Objective

To encourage financial journalists to uplift their reporting standards and provide information that will be beneficial to the investing community at large.

Selection Process

Judging of entries is based on news value, originality, reportorial quality, analytical value and impact in the financial community and to the retail investors at large.

This award is opened only to career journalists. Journalist from the local media, both print and broadcast, are eligible.

Categories

  1. The Financial Journalist of the Year
    Based on news worthy contributions that had made a substantial impact on the investing community in the period under review, he/she has to be a well-rounded journalist with the ability not only to break significant stories but is also able to write commentaries that take a clear position and provide insights for investors.
  2. The Investor Education Journalist of the Year
    Focusing on education and the impact on the investing community, the journalist must have displayed sound knowledge of the investment principles and the instruments discussed and written consistently over a minimum period of at least six (6) months.
  3. The Most Promising Journalist of the Year
    To qualify for this award, a candidate has to be a financial journalist for not more than three years and under the age of 30.
  4. Media Excellence in Community Investor Education Award
    To encourage continuity and raise the level of community education to higher standards by awarding the mainstream media, registered with IMDA.

Judging is based on:

  • Educational Content - Has to cover a wide range of topics not only products (features and risks) promoting importance of financial planning including retirement planning and how impactful it is on the investing community
  • Target Audience - Articles must cover a wide range of audience
  • Consistency - Demonstrate on-going interest, variety and standard
  • Feedback - Must be strongly supported by the readers, listeners or viewers
  • Track Record - Minimum of 3 years track record in community investor education

Selection Committee

Mr David Gerald
(Chairman)
Founder, President & CEO
SIAS

Mr Andrew Cheng
Group Chief Operating Officer
Kingsmen Creatives Ltd

Mr Ang Hao Yao, CFA
Director
Credit Counselling Singapore

Ms Catherine Ong
CEO
Catherine Ong Associates

Mr. Conrad Raj
Freelance Journalist

Mr TK Yap, CFA
Executive Director, OCBC Securities Advisor, CFA Singapore & Former Member of the Board of Governors
CFA Institute

Ms Elaine Lim
Director
Stamford Corporate Services Pte Ltd

Mr Christopher Cheong
Senior Lecturer
Singapore Polytechnic