SIAS Investors’ Choice Awards & Members’ Night 2025
11 November 2025 | Tuesday | 7.00pm – 10.00pm | The Ritz-Carlton, Millenia Singapore, Grand Ballroom, Level 1
Guest of Honour
Mr Gan Kim Yong,
Deputy Prime Minister and
Minister for Trade and Industry
The Investors’ Choice Awards (ICA) recognises excellence in companies and individuals adopting the best ESG & corporate governance practices. ESG plays a vital role in a company’s sustainability, thus supporting investment decision, specifically for retail investors. As Investors plough their monies into companies trusting the Board and the Management and hoping for their desired returns, they are also increasingly interested to know what ESG risks companies are exposed to, how they plan to manage those risks, and how they are meeting their sustainability targets. Therefore, SIAS, together with NUS-CGS and its industry partners, will present an enhanced Award scorecard and methodology to focus on sustainability with a holistic Singapore which is investor-centric and rate the best performing listed companies in sustainability, governance, transparency and communications for the benefit of investors.
SIAS also recognises the various stakeholders with awards like the Outstanding CEO Award, Best Retail Broker Award and Financial Journalist of the Year Award that help drive good governance, education and, thus, facilitate investing in Singapore.
This year, in addition to our corporate guests, SIAS members will also be attending the event, bringing together both industry leaders and the investor community in a meaningful evening of recognition and celebration.
Singapore Corporate Governance Award
Objective
To encourage public listed companies to be accountable to shareholders by adopting higher levels of corporate governance and corporate sustainability performance while achieving good business and financial results.
Categories
2025
• 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)
• REITs and Business Trusts
• Diversity
Selection Process
SIAS, together with Centre for Governance and Sustainability (CGS), NUS Business School, has developed a robust selection process to recognise listed companies that have good corporate governance and sustainability practices which promote shareholder interests. LSEG Stock Reports Plus scores are added to tabulate the total score. Handshakes also provide insights and data on the shortlisted companies as part of due diligence checking.
Stage 1
All SGX listed companies are evaluated and shortlisted using the STARS-SMART frameworks. The STARS framework is used to assess companies’ corporate governance performance and the SMART Framework is used to measure companies’ corporate sustainability performance.
STARS Framework
Shareholders’ rights and equitable treatment
Transparency and disclosure
Accountability and audit
Responsibilities of the board
Stakeholders’ roles
SMART Framework
Scope & Statement
Material ESG Factors
Actions & Achievements
Reporting Framework
Targets
Stage 2
Using LSEG Stock Reports+ scores, comprising analyst ratings of earnings, fundamentals, relative valuations, risks, price momentum and insider trading, as a screener for the shortlisted companies.
Stage 3
The SCGA Selection Committee Members, comprising industry partners, meet to decide the winners based on the quantitative and qualitative inputs.
Chairperson
Mr David Gerald
Founder, President, and CEO, SIAS
Advisor
Prof Lawrence Loh
Director, Centre for Governance and Sustainability
NUS Business School
National University of Singapore
Ms Chen Huifen
Editor
The Business Times
Mr David Bottomley
Deputy Chief Editor
CNA Digital
Ms Shen Yue
Business Editor
Lianhe Zaobao 联合早报
Newshub, Chinese Media Group
Singapore Press Holdings
Ms Carmen Wee
CEO
Investment Management of Singapore
(IMAS)
Mr Daryl Neo
Chief Executive Officer and Co-Founder
Handshakes
Mr Stephen Ching
President
The Institute of Internal Auditors Singapore
(IIA Singapore)
Ms Fann Kor
CEO
Institute of Singapore Chartered Accountants
(ISCA)
Ms Melinda Sam
CEO,
Securities Association of Singapore
(SAS)
Mr Tay Woon Teck
Senior Advisor
RSM Singapore
Mr Chan Chao Peh
Editor,
The Edge Singapore
Mr Simon Ng Chee Wei, CFA
President
CFA Society Singapore
Knowledge Partners
Singapore Corporate Sustainability Award
Objective
To assess all listed companies in Singapore holistically with a robust look at the overall environmental (E), social (S) and governance (G) aspects of sustainability disclosures and reporting.
Categories
2025
• 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)
• REITs and Business Trusts
Selection Process
SIAS, together with Centre for Governance and Sustainability (CGS), NUS Business School, has developed a robust selection process to recognise listed companies that have demonstrated good overall ESG sustainability disclosures and reporting. LSEG Stock Reports Plus scores are added to tabulate the total score. Handshakes also provide insights and data on the shortlisted companies as part of due diligence checking.
Stage 1
STARS Framework
Strategy and Governance
Companies are assessed on their strategy formulation, governance practices, ESG data disclosures, balanced reporting, adoption of globally recognised framework, and assurance.
Targets and Metrics
Companies are assessed on their short-, medium-, and long-term target setting as well as metrics used for tracking targets.
Environment and Climate
Companies are assessed on their disclosure of climate-related risks and opportunities, risk management, and environmental-related measurements including Scope 1, Scope 2, and Scope 3 emissions.
Materiality and Stakeholders
Companies are assessed on ESG material factors identification, disclosures of reasons for ESG material factors selection, and stakeholder engagement in determining ESG material factors.
Social and Organisation
Companies are assessed on their social-related practices pertaining to employment and local community.
Stage 2
LSEG Stock Reports+ scores, comprising earnings, fundamentals, relative valuation, risk, and price momentum, are used as a screener for the shortlisted companies.
Stage 3
The SCSA Selection Committee Members, comprising industry partners, meet to decide the winners based on the quantitative and qualitative inputs.
Chairperson
Dr Joshua Kuma
Managing Director, EQT Group
Advisor
Prof Lawrence Loh
Director, Centre for Governance and Sustainability
NUS Business School
National University of Singapore
Mr David Gerald
Founder, President, and CEO, SIAS
Ms Lee Sze
Managing Partner
KPMG
Ms Carmen Wee
CEO
Investment Management of Singapore
(IMAS)
Mr David Smith
Senior Investment Director
Aberdeen Standard Investments
Mr Stephen Ching
President
The Institute of Internal Auditors Singapore
(IIA Singapore)
Ms Chen Huifen
Editor
The Business Times
Mr Zakir Hussain
Associate Editor
The Straits Times
Mr David Bottomley
Deputy Chief Editor
CNA Digital
Mr Chan Chao Peh
Editor,
The Edge Singapore
Ms Shen Yue
Business Editor
Lianhe Zaobao 联合早报
Newshub, Chinese Media Group
Singapore Press Holdings
Investors’ Choice Outstanding CEO Award
Objective
To award CEOs of public listed companies who have demonstrated high levels of competence, integrity, excellent communications and good corporate governance. Through outstanding leadership, these CEOs lead their respective companies in achieving good financial results and breakthroughs in business which benefit shareholders.
Selection Criteria
• Shareholder Return
• Share Price
• Governance & Transparency
• Integrity
• Communication Skills
• Resilience – Able to turn the company around amid corporate distress
Selection Process
CEOs are nominated by SIAS members and investors by evaluation based on the selection criteria via an online survey. The ICOCA Selection Committee Members, comprising industry partners, then meet to review the list of nominees and decide the winners by combining both quantitative and qualitative inputs.
Chairperson
Mr David Gerald
Founder, President, and CEO, SIAS
Ms Chen Huifen
Editor
The Business Times
Ms Shen Yue
Business Editor
Lianhe Zaobao 联合早报
Newshub, Chinese Media Group
Singapore Press Holdings
Mr Chan Chao Peh
Editor,
The Edge Singapore
Mr Zakir Hussain
Associate Editor
The Straits Times
Mr David Kuo
Co-Founder, The Smart Investor & former CEO of the Motley Fool Singapore
Mr Ang Hao Yao
Honorary Secretary, SIAS, Chairman, Credit Counselling Singapore and Private Investor
Shareholder Communications Excellence Award
Objective
To encourage companies to adopt high levels of investor-relation practices so as to engage shareholders in a more frequent and timely way. This will in term turn help shareholders and the investing community to understand the company and make an informed decision.
Categories
2025
• 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)
• REITs & Business Trusts
Selection Process
The scorecard for the award is jointly developed by SIAS together with NUS School of Business, Centre for Governance and Sustainability (CGS).
Stage 1
All SGX listed companies are evaluated on their corporate governance score using STARS framework. The top 20% of companies with the highest scores are then assessed further using the Shareholder Communications Excellence Assessment Scorecard.
Stage 2
The Shareholder Communications Excellence Award 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.
Stage 3
The SCEA Selection Committee Members evaluate shortlisted companies based on qualitative and quantitative inputs.
Chairperson
Mrs Elaine Lim
Honorary Advisor, SIAS
Co-Chairman
Mr Sivanithy Rathananthan
Senior Editor & Trainer, SIAS
Ms Shen Yue
Business Editor
Lianhe Zaobao 联合早报
Newshub, Chinese Media Group
Singapore Press Holdings
Mr David Bottomley
Deputy Chief Editor
CNA Digital
Mr Chan Chao Peh
Editor,
The Edge Singapore
Mr Zakir Hussain
Associate Editor
The Straits Times
Mr Lai Kwok Kin
Founder & Group MD
WeR1 Consultants Pte Ltd
Financial Journalist Award
Objective
To encourage financial journalists to uplift their reporting standards and provide financial information that is beneficial to the investing community at large.
Selection Process
Judging of entries is based on news value, originality, reportorial quality, analytical value, and impact on the financial community and retail investors at large.
This award is open to career journalists only. Journalists from the local media, both print and broadcast, are eligible.
Award Categories
Financial Journalist of the Year Award
Based on newsworthy contributions that made substantial impact on the investing community for the period under review, he/she must 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.
Investor Education Award
Focusing on education and the impact on the investing community, the journalist/programme must have displayed sound knowledge of the investment principles and the instruments discussed, produced and/or written consistently over a minimum period of at least six (6) months.
Financial Story of the Year Award
Candidates under this category are judged on either one story or a series of stories based on one topic that made an impact on the financial community.
Most Promising Journalist of the Year Award
To qualify for this award, a candidate must be a financial journalist for not more than three years and under the age of 30.
Investment Blog of the Year Award
To award investment websites & blogs that provides information and insights about investing, platform for readers to learn about different investment options, strategies, and financial news that can impact investment decisions.
Judging Criteria
Educational Content
Must cover a wide range of topics, not only products (features and risks), promoting the importance of financial planning including retirement planning and how impactful it is on the investing community
Target Audience
Articles must benefit a wide range of audiences
Consistency
Demonstrate on-going interest, variety and standard
Feedback
Must be strongly supported by the readers, listeners or viewers
Track Record
Minimum 3 years track record in the community investor education domain
Chairperson
Mr David Gerald
Founder, President, and CEO, SIAS
Mr Andrew Cheng
Group CEO
Kingsmen Creatives Ltd
Now Freelance
Mr Ang Hao Yao
Honorary Secretary, SIAS, Chairman, Credit Counselling Singapore and Private Investor
Ms Catherine Ong
CEO
Catherine Ong Associates
Mrs Elaine Lim
Honorary Advisor, SIAS
Mr Sivanithy Rathananthan
Senior Editor & Trainer, SIAS
Mr TK Yap, CFA
CEO, Dicree Pte Ltd
Ms Chia Hui Kheng
Managing Director
Citigate Dewe Rogerson Singapore
Ms Ang Shih-Huei
CEO and Co-Founder
H/Advisors Klareco
Mr Terence Foo
Managing Partner
SEC Newgate Singapore
Ms Patsy Phay
Executive Director
Mileage Communications
Best Retail Broker Award
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 has developed a set of criteria for the effective evaluation of brokerage firms in Singapore.
Brokers are shortlisted through the following processes:
Stage 1
Through qualitative research, SMU identifies brokerage firms based on variables such as product offerings, disclosure & security, technology, investor education, customer service and recognition. To ensure that the award reflects the true sentiments and experiences of the investing community, participation from retail investors in the Retail Brokerage Survey provided more insight into the quality and satisfaction level of the various brokerage services available in Singapore.
Stage 2
Selection Committee Members meet to decide the winners based on the results.
Chairperson
Mr Ang Hao Yao
Honorary Secretary, SIAS, Chairman, Credit Counselling Singapore and Private Investor
Mr David Kuo
Co-Founder, The Smart Investor & former CEO of the Motley Fool Singapore
Prof David Ding
Professor of Finance and Associate Head, School of Economics and Finance , Massey University, Auckland, New Zealand
Mr Terence Wong
CEO
Azure Capital
Mr Richard Dyason
Executive Director,
The Institute of Internal Auditors Singapore
Most Transparent Company Award
Objective
To recognise public listed companies which are transparent in their timely disclosure of information and facilitate shareholders’ rights and equitable treatment. Investors can, therefore, make informed investment decisions.
Selection Process
2025
- Big Cap
- Mid Cap
- Small Cap
- REITs & Business Trusts
Selection Process
Stage 1
All SGX listed companies are evaluated and shortlisted based on their Transparency and Disclosure.
Indicators in STARS Framework – ‘Transparency and Disclosure’ Section takes into consideration Quality of Annual Report, Disclosure of Interested Person Transactions (IPT), Directorships in Listed Companies, Timeliness of Release of Results, Executive Director/Top 5 Executives’ Remunerations, Non-Executive Director Fees, and Corporate Website.
Stage 2
Stage 3
Chairperson
Mr TK Yap, CFA
CEO, Dicree Pte Ltd
Co-Chairman
Mr Ang Hao Yao
Honorary Secretary, SIAS, Chairman, Credit Counselling Singapore and Private Investor
Advisor
Prof Lawrence Loh
Director, Centre for Governance and Sustainability
NUS Business School
National University of Singapore
Ms Chen Huifen
Editor
The Business Times
Mr David Bottomley
Deputy Chief Editor
CNA Digital
Ms Shen Yue
Business Editor
Lianhe Zaobao 联合早报
Newshub, Chinese Media Group
Singapore Press Holdings
Ms Carmen Wee
CEO
Investment Management of Singapore
(IMAS)
Mr Daryl Neo
Chief Executive Officer and Co-Founder
Handshakes
Ms Melinda Sam
CEO,
Securities Association of Singapore
(SAS)
Mr Chan Chao Peh
Editor,
The Edge Singapore
Ms Fann Kor
CEO
Institute of Singapore Chartered Accountants
(ISCA)
Mr Tay Woon Teck
Senior Advisor
RSM Singapore
Ms Sam Hui Min Lisa
President
The Law Society of Singapore
Mr Simon Ng Chee Wei, CFA
President
CFA Society Singapore
6:00 pm – 6:50 pm
Arrival of Guests (Corporates & SIAS Members) and Cocktail Reception
6:50 pm – 7:00 pm
Guests to be seated
7:00 pm – 7:05 pm Arrival of Guest of Honour
Mr Gan Kim Yong, Deputy Prime Minister and Minister for Trade and Industry
7:05 pm – 7:10 pm
Event Opening Performance
7:10 pm – 7:30 pm
Dinner Commences
7:30 pm – 7:40 pm Welcome Address
Mr David Gerald, Founder, President & CEO, SIAS
7:40 pm – 8:00 pm Awards Presentation
Singapore Corporate Governance Award
- Big Cap
- Mid Cap
- Small Cap
- REITs & Business Trust
- Diversity
Singapore Corporate Sustainability Award
- Big Cap
- Mid Cap
- Small Cap
- REITs & Business Trust
8:00 pm – 8:30 pm Long Service Award (LSA) Presentation
Presenters:
- Mr Daniel Teo, Honorary Chairman, SIAS
- Mr David Gerald, Founder, President & CEO, SIAS
Long Service Award Receipants (x2)
8:30 pm – 8:40 pm Awards Presentation
Investors’ Choice Outstanding CEO Award
8:40 pm – 9:15 pm Awards Presentation
Shareholder Communications Excellence Award
- Big Cap
- Mid Cap
- Small Cap
- REITs & Business Trust
9:15 pm – 9:30 pm Award Presentation
- Financial Journalist Award
- Financial Journalist of the Year
- Financial Story of the Year
- Investor Education Journalist of the Year
- Most Promising Journalist Award
- Investment Blog of the Year
- Best Retail Broker Award
9:30 pm – 9:40 pm Award Presentation
Most Transparent Company Award
- Big Cap
- Mid Cap
- Small Cap
- REITs & Business Trust
9:40 pm – 10:00 pm
Group Photo with all the ICA winners
10:00 pm
End of Event
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