26 Firms, Six Individuals Lauded at Singapore Corporate Awards

DBS Takes Top Honours in Large-Cap Category, Gets Special Recognition Award

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Recognising listed companies and business leaders that have led the way in corporate governance excellence, the 20th Singapore Corporate Awards (SCA) saw 26 companies and six individuals emerge as winners across seven award categories.

SCA 2025 was co-organised by The Business Times, the Institute of Singapore Chartered Accountants (Isca) and the Singapore Institute of Directors (SID). It was supported by the Accounting and Corporate Regulatory Authority and the Singapore Exchange (SGX).

This year's ceremony was held on Sept 1 at The Ritz-Carlton, Millenia Singapore, with Minister for Law and Second Minister for Home Affairs Edwin Tong as the guest of honour.

In his speech, he spoke of the importance of strong corporate governance, noting that it "strengthens Singapore's position as a trusted business and financial hub, where integrity and performance go hand in hand".

He highlighted that data globally points to a direct correlation between outcomes as well as productivity and strong trust levels, high governance levels and transparency standards.

"Companies recognised by the SCA delivered cumulative returns of 110 per cent between 2008 and 2022, compared to just 59 per cent for the Straits Times Index," Mr Tong said.

He also emphasised that the awards have recognised those who set the "gold standard" for board leadership, financial transparency, risk management and investor engagement.

SCA recognises not only large-cap firms, but also small and mid-cap ones, which are "vital engines of innovation, entrepreneurship and job creation in our economy", he added.

This, according to Mr Tong, acknowledges that "transparency and governance are not just for the big companies, but also for every company that wants to do business and have relations with its stakeholders at the same time".