SIAS governance award to reflect global standards

The selection process of a corporate governance award given out by the Securities Investors Association (Singapore), or SIAS, has been changed from this year onwards. Previously, the award's selection process assessed companies for whether they complied with and exceeded the recommendations of the Code of Corporate Governance in Singapore. This time, the annual Singapore Corporate Governance Award will reflect the input of international fund managers and analysts, as well as whether companies follow international best practices. This year, SIAS developed a new scoring methodology with the Sim Kee Boon Institute for Financial Economics at SMU, as well as Brendan Wood International, a consultancy that helps clients measure how they perform in the capital markets.