Biz Sch News 20 July 2017

New awards launched to encourage sustainability reporting

On Monday, 10 July, the Centre for Governance, Institutions and Organisations (CGIO), together with Securities Investors Association (Singapore) (SIAS), launched two new awards and gave investors and public companies an important platform to provide feedback on existing scorecards.

Mr David Gerald (left) and A/P Lawrence Loh addressing the concerns of attendees at the briefing session

The event brought together around 80 representatives from publicly-listed companies, international bodies like OECD and local institutions, SGX and ACRA. The session also touched on the selection criteria and process for SIAS’ upcoming 18th Investors’ Choice Awards (ICA) in September 2017 and introduced new scorecards pertaining to sustainability reporting and shareholders’ communication.

In his opening address, Mr David Gerald (President and CEO of SIAS) reiterated the value of rating and awarding companies and alluded to the instrumental role of SIAS ICA in helping investors make better informed investment choices and build trust with listed companies, who are stewards of their investments.

Question and answer session on the various scorecards’ research methodology and assessment criteria

During the Question and Answer session, both Mr Gerald and A/P Lawrence Loh highlighted the unique features of SIAS’s ICA that set it apart from other awards – its higher weightage on shareholders’ rights and the incorporating of Thomson Reuters’ financial performance ratings in its selection and assessment criteria.

This article is contributed by the Centre for Governance, Institutions and Organisations (CGIO), NUS Business School.