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Thursday, 21 July 2011

Olam International gets best CEO award

SINGAPORE: The Singapore Corporate Awards (SCA) held on Thursday went to 30 companies and six individuals for leading the way in corporate governance and shareholder communication.

The SCA comprises five categories, including Best Managed Board Award and Best Chief Executive Officer Award.

Corporate winners such as Olam International, Keppel, CapitaLand and Singapore Airlines walked away with several awards.

Singapore Airlines was recognised in three out of five awards, including that for Best Investor Relations.

Olam International clinched two awards, with its CEO Mr Sunny Verghese taking the title of Best CEO.

Deputy Prime Minister Teo Chee Hean, who was the guest of honour at the event, said it was important that corporate governance framework and practices keep pace with international developments.

"We cannot sssume that companies operating in Singapore will benefit from the greater inflow of capital to Asia," he said.

Companies would need to invest in building strong corporate governance. This will engender investor confidence and signal to their investors their ability to sustain performance, said Mr Teo.

- CNA/ck

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