Keppel Corp wins big at S'pore Corporate Awards

President Tony Tan Keng Yam presenting the special distinguished contribution to corporate governance award to Mr J.Y. Pillay, chairman of the Council of Presidential Advisers, yesterday.
President Tony Tan Keng Yam presenting the special distinguished contribution to corporate governance award to Mr J.Y. Pillay, chairman of the Council of Presidential Advisers, yesterday.ST PHOTO: CHEW SENG KIM

It clinches four awards; J.Y. Pillay honoured for contribution to corporate governance

The Keppel group took centrestage at the Singapore Corporate Awards (SCA) last night, snagging four awards.

It dominated the categories reserved for large firms at the awards dinner at Resorts World Convention Centre, while speciality chemicals distributor Megachem made its mark among smaller companies.

President Tony Tan Keng Yam was among the guests to see Keppel Corp land the plum award of best- managed board in the large-cap category, which is for companies with a market value of $1 billion or more.

The best investor relations category saw Keppel Reit take home the gold for real estate investment trusts and business trusts while Keppel Telecommunications and Transportation landed silver in the mid-cap category.

Keppel Land completed the haul, scooping bronze in the large-cap best annual report field.

Keppel Corp chairman Lee Boon Yang said in a statement after the event: "We are encouraged by the recognition accorded to Keppel companies. In particular, we especially value the gold award for the best-managed board."

Megachem enjoyed its turn in the spotlight, picking up gold for best-managed board, silver for best annual report, bronze for best investor relations and a best chief financial officer (CFO) accolade in the small-cap category.

This category is for companies with a market value of below $300 million. The annual awards, organised by the Institute of Singapore Chartered Accountants, the Singapore Institute of Directors (SID) and The Business Times, honoured six individuals and 33 companies.

Mr David Lim, chief executive of SCA sponsor Bank Julius Baer, said in a statement: "Having a well-balanced and inclusive approach to corporate governance should be at the heart of every well-managed board, and form the backbone of every company's drive to succeed in this constantly evolving global business ecosystem."

The SCA marked its 10th anniversary by presenting a special distinguished contribution to corporate governance award to Mr J.Y. Pillay, chairman of the Council of Presidential Advisers.

With a long career of leadership in the civil service and the private sector, Mr Pillay was described by SID chairman Willie Cheng as "head and shoulders above all other candidates for this very special award".

In his acceptance speech, Mr Pillay said: "By no means does observation of the principles and practices of governance spontaneously lead to good performance. Quality of the people is the crucial ingredient."

The best chief executive awards went to Singapore Post's Dr Wolfgang Baier for a large-cap company, Dr Ng Chin Siau of mid-cap Q&M Dental Group and Mr Kuah Boon Wee of small-cap MTQ Corporation.

Best CFO gongs went to Mr Arthur Lang of large-cap CapitaLand, Mr Chan Chee Kin of mid- cap Midas Holdings and Mr Francis Yau of small-cap Megachem.

DBS Group Holdings walked away with the best investor relations gold in the large-cap category and Singapore Technologies Engineering won the large-cap gold for best annual report.

A version of this article appeared in the print edition of The Straits Times on July 09, 2015, with the headline 'Keppel Corp wins big at S'pore Corporate Awards'. Print Edition | Subscribe