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CHAIR & CEO MESSAGE




Dear Member,

SID was established 25 years ago in July 1998. As we fortify our commitment to uplift the directorship profession and champion good governance, we embark on the Institute’s next chapter with three significant milestone initiatives this month:

  • On 1 July 2023, Climate Governance Singapore (CGS) integrated with SID to enable a unified resource for board-level climate governance and climate action matters. CGS was established in 2021 as part of the Climate Governance Initiative (CGI) to mobilise boards around the world to accelerate the net zero transition, guided by the World Economic Forum’s Principles for Effective Climate Governance. SID members can look forward to benefitting from CGS and CGI programmes and resources, starting with a recording of the webinar “ESG and Climate Governance International Conference: What directors need to know”. 

  • The inaugural SID Board Readiness Programme co-developed with 20 pre-eminent professional services firms kicks off on 28 July 2023. The first cohort is co-branded with Singapore Computer Society’s Women in Tech Chapter and supported by Infocomm Media Development Authority. 27 SID members who are women senior executives and professionals from the digital and tech space will embark on a one-year learning journey comprising self-assessments, seminars, board simulation, mentorship and professional networking. The programme aims to equip attendees with essential knowledge, skills and attributes to prepare them for board directorship positions. The next run is planned for April 2024, email [email protected] to register your interest.

  • We mark our 25th anniversary this month with a commemorative event on 28 July 2023. Deputy Prime Minister Lawrence Wong will grace the occasion, conduct a ceremonial gong-strike to open the market and deliver an address to SID members and partners. This will be followed by a fireside chat with Past Chairs of SID. Witness this important milestone event and be among the first to hear about key initiatives SID will be launching by joining the live-stream on SID’s LinkedIn page from 8.30am.
Members can also look forward to more highlight events this year:
  • SID Directors Conference, 20 September 2023, 9.30am to 5.00pm at the Esplanade. The annual flagship event returns with a ''festival'' format to allow attendees to choose their own learning adventure. With over 30 sessions across six zones and featuring over 80 speakers, there is something for everyone, from aspiring to experienced directors, and from listed firms to charities. Registration is now open with early bird specials. 

  • SID Corporate Governance Roundup and Annual General Meeting on 26 October 2023 at Capital Tower, 8.30am to 11.30am. Often touted as the best summary of everything board directors need to know for the year, the Corporate Governance Roundup will feature condensed presentations on key trends and topics for the year 2023. Members are invited to join in the Annual General Meeting to elect the new SID Governing Council. Registration opens in August.
  • SID Members Gala Evening, 30 November 2023 at Marina Bay Sands. A first-ever gala event for SID members and partners to get together to celebrate the 25th Anniversary. Join us for an evening of celebration and friendship. Registration opens in August.

Exclusive to SID members, the SID Directors Bulletin Q3 2023 edition is out this month and is now accessible from your member portal. Themed “The Future of Money”, this edition looks at the evolving world of cash, payments, business ventures, asset and wealth management, board compensation and more through the lens of directorship and governance. Read one of the features here.

In addition, we have curated a range of learning events, including Cyber Risk and Resilience in the Digital Age (20 July), The Board in Strategy Formulation (17–18 August), as well as So, You Want to be a Director (24 August), Director Financial Reporting Fundamentals ( 7 September), and Listed Entity Director Programme (Mandarin) – Core (19–27 September). 

We are grateful for the many SID members and partners who have helped SID advance its cause over the years by supporting our initiatives, such as the 25th anniversary edition of SID’s Annual Golf Tournament which took place on 9 June at the Sentosa Golf Course with Minister for Trade and Industry Gan Kim Yong as Guest-of-Honour. 

A special thanks to members who participated in our membership survey last month, and congratulations to the 10 members who each won a hamper worth $228, courtesy of our sponsor Molton Brown. We are heartened by your support and thankful for your valuable feedback which we will use to guide us in our work.

As we continue to carry out our mission with renewed energy, we hope you will continue to participate in the line-up of activities and tap into the resources we have made available for members. Together, we can do more as champions for good governance.

Yours in directorship,

Su-Yen and Terence

 


ANNOUNCEMENT

With effect from 1 July 2023, SID no longer accepts cheque payments.
Other payment modes available here.



HIGHLIGHT




SID Directors Conference
Wednesday, 20 September 2023 | 9.30am to 5.00pm | Esplanade

Guest-of-Honour: Mr Heng Swee Keat
Deputy Prime Minister and Coordinating Minister for Economic Policies 

Join us for the 25th anniversary edition of the SID Directors Conference, bringing together directors from public listed companies, family businesses, charities and startups to explore the theme of “Navigating an Unscripted World: Conform, Perform, Transform”. This year’s Conference adopts a festival concept with more than 30 sessions designed to meet the needs of aspiring, new and experienced directors. Participants can Choose their own adventure, Create their own experience and Craft their own legacy. Sign up  today to enjoy early bird rates!



UPCOMING EVENTS


       


Cyber Risk and Resilience in the Digital Age 
20 July 2023


This session highlights the importance of cyber risk management in today’s digital world. Recognise how cyber threats are evolving and the potential impact they can have on businesses. Understand how to build strategies and proactive defences against cyber threats and gain valuable insights from real-life case studies. How can boards be cyber ready?
 
The Board in Strategy Formulation 
17 – 18 August 2023

The board plays a pivotal role in ensuring a company’s long-term success and directors are the driving force behind the strategic direction of a company. Join us for an all-new two-day masterclass on board issues that delves into the role of the board in growth strategy, management integration solutions, strategic decision-making, execution and innovation governance.

 
REGISTER NOW!

   
REGISTER NOW!
       


So, You Want to be a Director
24 August 2023

This blended learning programme is ideal for new and aspiring directors. Conducted through a combination of self-paced eLearning and group-based discussion, it provides a good overview of the directorship landscape in Singapore. Participants are introduced to the duties, responsibilities, risks and rewards of being a director. Know the key considerations involved before accepting a board appointment.
 
Director Financial Reporting Fundamentals
7 September 2023
 

Designed for directors with limited or no financial/accounting background, this course provides essential accounting knowledge and practical tips. It equips participants with the key tools and concepts to review company financial statements and stay up-to-date on good financial practices. Participants will learn how to perform high-level reviews of financial statements and undertake financial reporting and filing. 

REGISTER NOW!
 
REGISTER NOW!
 


View more Courses and Events




YOU MIGHT HAVE MISSED 


 
SID Golf Tournament - 25th Anniversary edition
9 June 2023

The 25th anniversary edition of SID’s annual golf tournament was graced by Guest-of-Honour Mr Gan Kim Yong, Minister of Trade and Industry. Players enjoyed a fun-filled day of friendly competition under clear skies. Highlights included a specially-curated putting clinic with squad players from the Singapore Golf Association, a networking dinner, lucky draw and prize presentation for players and teams. View the photographs here




FEATURED ARTICLES




       


The Evolution of Cash: From the Tangible to the Intangible 

The way we interact with money and the experiences we purchase with it have changed dramatically in the course of the history of money. What will financial transactions look like in the future, asks Mindy Tan.
  How Digital Payments are Transforming Businesses  

Technological advancements have supercharged the way digital payments are made. Lawrence Chan discusses how digital payments have transformed the way companies conduct business and their impact on consumer experience. 
 
READ MORE
   
READ MORE
 


PARTNERS' HIGHLIGHTS


Driving Excellence:
Creating Sustainable Value with Good Governance & Control

The Institute of Internal Auditors Singapore
31 August 2023 | 8.00am – 5.20pm | Marina Bay Sands, Sands Expo & Convention Centre
SID members enjoy savings with the Affiliate member rate

Pricing a Negative Externality: Carbon
Climate Governance Malaysia
26 July, 27 July and 7 August 2023 | 6.00pm (Singapore time) | Webinar

 

 

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