Honouring top industry leaders
DBS took top honours in the large-cap category for companies with a market capitalisation above S$1 billion, securing gold for three prestigious awards – Best Managed Board Award (BMBA), Best Risk Management Award (BRMA), and Best Annual Report Award (Best ARA)
Under the same category, the group also clinched the Best Chief Financial Officer (CFO) Award, which went to Chng Sok Hui.
Additionally, DBS was presented with the SCA’s 20th anniversary special recognition award – The Luminary Award – for its sustained excellence, leadership and long-term impact.
This one-off accolade was for a distinguished listed company selected from among past SCA winners – one that has consistently exemplified exceptional corporate governance and delivered enduring stakeholder value. The evaluation process, which was designed and conducted by Bain & Co, rigorously assessed eligible SGX-listed companies.
“The recognition affirms our commitment to the highest standards of corporate governance and leadership excellence, which (form) the bedrock of trust with shareholders, customers, employees and society,” said DBS chairman Peter Seah on receiving five awards at this year’s SCA.
The SCA also recognised eight other boards of listed companies under the BMBA category for their exemplary standards in corporate governance and board practices.
After DBS, UOB and SGX took the silver and bronze awards, respectively, in the large-cap category.
Hong Leong Asia, meanwhile, emerged as the gold winner in the mid-cap category for listed companies with market capitalisation between S$300 million and under S$1 billion. The silver and bronze awards went to first-time SCA winner Samudera Shipping Line and PropNex, respectively.
Boards of listed companies with a market capitalisation of less than S$300 million were also recognised in the small-cap category, with LHN, Tiong Woon Corp (TWC), and Qian Hu Corp awarded gold, silver, and bronze, respectively.
The SCA also honoured outstanding industry leaders, with OCBC’s Helen Wong recognised as best chief executive officer in the large-cap category. The group also clinched the silver in BRMA and bronze in Best ARA.
In the mid-cap and small-cap categories, the Best CEO awards were given to Hong Leong Asia’s Stephen Ho and Grand Venture Technology’s (GVT) Julian Ng, respectively. Ho is the second person in the history of the SCA to claim both the Best CFO and Best CEO awards, having first secured the former in 2019 with Wilmar International.
Across the same categories, this year’s Best CFO awards went to ValueMax’s Carol Liew and GVT’s Robby Sucipto, respectively.
