2024 Highlights

Advancing Thought Leadership and Advocacy

SID continues to be at the forefront of driving thought leadership and championing better governance practices.

Corporate governance and best practices

• ASEAN Corporate Governance Scorecard: Revised the framework for regional governance standards.
• Board Performance Evaluation Guide 2024: Updated guide in collaboration with Global Network of Director Institutes.
  
  
  
  
• Singapore Governance and Transparency Index 2024: Supported the release of the Index.
  
  
  
  
• Guide for Shareholder Meetings: Refreshed jointly with SIAS and SGX.
  
  
  
  
• Corporate Governance Roundup 2024: Key insights on hot topics presented to directors.
  
  
  
  
  
  

Sustainability and social impact

• Sustainable Philanthropy Framework: Partnered with NCSS for responsible philanthropy.
• Boards as Stewards of Sustainability: Collaboration with Stewardship Asia Centre.
  
  
  
  
• Sustainability Reporting and Assurance: SID represented in Enterprise Singapore's Green Skills Committee Sub-Workgroup.
• EuroCham Sustainability Awards 2024: Part of the judging panel.
  
  

Strategic collaborations and thought leadership

• Stakeholder Engagement Report: Released in collaboration with Black Sun.
  
  
  
  
• Startup Investment Credentials Framework: Contributed to the framework development.
  
  
  
  
• ASEAN Board Trends: Released in collaboration with Institute of Corporate Directors Malaysia.
  
  
  
  

Advocacy and representation

• NVPC's President's Volunteerism and Philanthropy Awards: Part of the judging panel.
• Singapore Budget 2025 Proposal: Partnered with KPMG to submit recommendations to MOF.
• ACRA's Implementation Committee on Accountancy Workforce Development: Contributed to the committee.
  
  

Building Competency and Capabilities

SID continues its commitment to empowering directors with the relevant knowledge and skills needed to excel in an increasingly complex governance landscape.

Director accreditation and standards

• SID Director Accreditation Programme: Launched in May 2024 to formally recognise director competencies.
  
  
  
  
• Standards and Exams Board: Established to set and maintain high standards for director accreditation exam.
• Accredited Director Registry: Launched a new tool to enable search and verification of accredited directors.
  
  

Advance and specialised programmes

• Chairperson Accelerator Programme: Launched to support experienced directors stepping into or preparing for chair roles.
  
  
  
  
• Advanced Programme on Sustainability: Designed to equip Listed Entity Directors with advanced knowledge and skills in sustainability.
• SID-SMU Directorship Programme: Launched the 7th module focusing on AI Governance and its adoption by board.
• Board Readiness Programme: Launched the second edition incorporating the SID-SCS Women in Tech Board Readiness Programme.
  
  
  
  

Seminars and forums

• NRC Seminar: Held the inaugural seminar focusing on best practices and trends impacting Nomination and Remuneration Committees.
  
  
  
  
• Climate Governance Singapore Forum: Hosted the inaugural forum addressing the role of directors in stewarding climate governance and sustainability.
  
  
  
  

Connecting and Strengthening the Ecosystem

SID remains committed to connecting directors, fostering collaboration and strengthening the governance ecosystem in Singapore.

Expanding the SID community:

• SID Members network: Achieved over 5,000 members including both individual and corporate members.
• New SID Networks:
  – Fellows Network; Launched to connect experienced directors and leverage their deep expertise.
  
  
  
  – Workplace Wellness Network: Created to provide a supportive community to help members manage their wellbeing.
  
  
  
  
• New SID Chapters: Launched four new chapters – Women Directors Chapter, NonProfits Organisations Chapter, Environmental, Social and Governance Chapter and Digital Chapter
  
  

Recognition and signature events

• First woman SID Honorary Fellow: Minister Indranee Rajah received the SID Honorary Fellowship in May 2024, becoming the first female recipient in our 25-year history.
  
  
  
  
• SID Directors Conference 2024: 800 attendees, 72 speakers, 21 sessions, 4 interactive zones, 25 sponsors and 31 community partners.
  
  
  
  
• Singapore Corporate Awards: Co-organised this award to recognise excellence in corporate governance.
  
  
  
  
  

Strategic partnerships & collaborations

• Partner Benefits for Corporate Members: Exclusive benefits from partners curated specially for SID Corporate Members.
• ICAEW MOU: Signed an MOU with the Institute of Chartered Accountants in England and Wales (ICAEW).
• IFC collaboration: Partnership with the International Finance Corporation (IFC), a member of the World Bank Group to offer new board opportunities for SID members.