Welcome to our monthly newsletter where we keep you up-to-date with what you need to know as a director.

Thank you for sharing your feedback through the members’ survey. We have tweaked the newsletter to be more mobile-friendly, as many of you read us on-the-go. We hope you enjoy our refreshed look, and do send us your thoughts at [email protected].

Climate Change on the Board Agenda

As we enter the second half of the year, we shine a spotlight on climate change – which impacts all of us. In Singapore, rising temperatures, flash floods, sea-level rise, pollution, endemic diseases and increased threat to our food security are some of the risks highlighted in the third National Climate Change Study released earlier this year.

As the national Secretariat for Climate Governance Singapore (CGS) – the local chapter of the global Climate Governance Initiative – SID has lined up a host of events and activities focused on raising awareness about the impact of climate change and steps we can take to embed this on the board agenda.
 
Read
Our latest Q3 2024 issue of the SID Directors Bulletin Sustainability Redux explores the sustainability agenda for boards, the shifting corporate governance landscape in Asia, transition planning and sustainable finance, climate change and directors’ liabilities, and sustainability from the perspective of youths, charities, SMEs and regulators.
 
Access our library of online resources including past issues of the Bulletin, the CG Guides, and other reports here.
 
Join
Book your place at the CGS Forum to be held on 31 July at the SBF Center. Featuring regulators and key representatives of CGS and the Sustainability Reporting Advisory Committee, the event will be officiated by Dr Amy Khor, Senior Minister of State, Ministry of Sustainability and the Environment and Ministry of Transport.
 
The SID Directors Conference on 1 October – Directorship in Transition: Redefining Roles, Risks and Results – aims to make sense of Singapore’s future in a world of transition. The conference will feature an interactive zone on Sustainability, alongside tracks on Digital, Human Capital and Directorship. Senior Minister and Coordinating Minister for National Security Teo Chee Hean will grace the event as guest-of-honour. Don’t miss out on early bird rates.
 
Learn
Earlier this week, SID hosted a seminar on Building the Global Baseline for Sustainable Growth. Highlighting the findings of a report by ACRA and NUS on the quality of climate-related disclosures, speakers raised key considerations about the transition to ISSB reporting standards and steps that boards can take to up their game in climate reporting.
 
This year’s Singapore Governance and Transparency Forum on 1 August will also shine a spotlight on Navigating Sustainable Governance. A key benchmarking index on governance and disclosures, the Singapore Governance and Transparency Index 2024 will reveal the top-ranked listed companies.
 
Do look out for our Listed Entity Director Programme continuing in July and October, including the ESG Essentials course, an SGX-approved mandatory course for directors.

Check out upcoming courses and learning events here.

Connect
To help members broaden their network, we have organised another Member Networking Event on 15 August. Taking place at City House, the event brings members together in an informal setting. Listen to our guest speaker Nishant Kasibhatla extol how memory techniques can help increase cognitive skills and boardroom efficiency.

Follow us on LinkedIn, so you can be connected with the latest happenings at the Institute.

HIGHLIGHTS

Climate Governance Singapore Forum
31 July 2024 | 9.30am – 2.30pm | 160 Robinson Road

Climate change is the new reality in which businesses operate. Increasingly, regulators and consumers are demanding greater accountability from businesses in their climate reporting and governance. How can companies embed sustainability on the boardroom agenda? And how can board directors lead strategic discussions on climate governance as stewards of the company?

Singapore Governance & Transparency Forum
  Navigating Sustainable Governance
1 August 2024 | 10.00am – 12.00pm | SGX Auditorium

Good governance keeps a company on the right track, providing guidance and a lodestar in stable and turbulent times. With ongoing challenges posed by climate change and the urgent need for companies to incorporate sustainability practices in their vision, mission and operations, strong governance is even more important in steering companies. Join us at this year’s Singapore Governance and Transparency Forum as industry captains and experts discuss how good governance is essential to propelling companies along their sustainability journey.

SID Members Networking Event (Members only)
15 August 2024 | 4.30pm – 7.00pm | 36 Robinson Rd

Join us for our Members Networking Event, an exclusive networking and knowledge-sharing event to enhance your professional journey. Featuring motivational speaker Nishant Kasibhatla on The Director’s Edge: Memory Mastery for Peak Performance, this event is tailored for board directors and professionals aiming to improve their cognitive memory.

Listed Entity Director Programme
9 – 24 July 2024 | Online Webcast
8 – 15 October 2024 | PARKROYAL COLLECTION Marina Bay

The Listed Entity Director (LED) Programme is a pre-requisite course supported by the Singapore Exchange for first-time appointees on boards of listed companies. Complete all core and optional modules this year and get a waiver of accreditation exam fees. Plus, you will receive a set of Corporate Governance Guides for Boards in Singapore and complimentary access to webinars and regulatory updates, as well as priority registration for the Audit and Risk Committee Seminar in January 2025.

Board Strategies to Nurture Digital Talent
1 August 2024 | 5.00pm – 7.00pm | Asia Square Tower 2

The digital revolution is transforming every industry. Attracting and retaining top talent in tech and artificial intelligence is critical. Boards have a responsibility to provide guidance on developing a future-ready workforce and ensure the company has the talent it needs to thrive in the digital age. Join us as we explore pressing issues around the digital talent landscape, including skills gap, diversity and inclusion and leadership development.

Governance for Outstanding Organisation Directors Programme
6 August – 5 November 2024 | Social Service Institute

The Governance for Outstanding Organisation Directors (SGOOD) programme is designed around the learning needs of board members of nonprofit organisations (NPOs). The programme goes beyond the basic compliance requirements of a nonprofit director to provide an understanding of the various aspects of an NPO and good governance practices. The programme is developed in collaboration with the Social Service Institute, a division of the National Council of Social Service.

Training grants are available from the Charities Capability Fund by NCSS (subject to approval).

So, You Want to be a NonProfit Director
22 August 2024 | 9.00am – 1.00pm | National Volunteer & Philanthropy Centre

This course provides an introduction to the duties, liabilities and benefits of directorship in the nonprofit sector. Speakers will share what it means to serve on the board of a charity and what are the key considerations of joining a nonprofit board. With a good understanding of the not-for-profit landscape and how it impacts the roles and responsibilities of a director, participants can make an informed decision before joining a nonprofit board.

This programme is supported by the Social Service Institute and National Volunteer & Philanthropy Centre. Grants are available from the National Silver Academy (subject to approval).

SID Directors Bulletin
Sustainability: Moving from Talk to Action

The sustainability journey is a marathon, says Jane Gan. While navigating the web of regulatory frameworks and evolving sustainability standards can be daunting, integrating sustainable practices can help companies enhance brand reputation, attract environmentally-conscious consumers, and access new markets for sustainable products and services.

SID Boardroom Matters
Non-executive directors arrested – A common cause and cure

“When in doubt, disclose.” Adrian Chan reminds us that non-disclosure of material information can be one of the greatest risks that non-executive directors face on listed boards. The prompt disclosure of material information (including bad news) is a necessary pre-condition for our public markets to operate efficiently and effectively.

Chairperson Accelerator Programme Preview
14 June 2024

Experienced board directors were treated to a preview of the SID Chairperson Accelerator Programme co-developed by Heidrick & Struggles. The inaugural programme aims to sharpen the minds and skills of experienced board directors to enhance their effectiveness as board chairs. The Q4 2024 course features group discussions with psychometric profiles, presentations with case studies, peer learning and networking, and personal sharing and insights by experienced board chairs.

Stakeholder Engagement Report Launch
27 June 2024

It was a full-house turnout at our the panel discussion on Stakeholder Engagement amidst Rising Activism moderated by Uantchern Loh. The release of findings from the Empowerment through Engagement research were presented by Black Sun’s research director Zi Wei Yap. A lively panel discussion followed on how businesses can identify their material stakeholders and regain the trust of their stakeholders after a failure in corporate governance.
  Read the full report here.

Personal Data Protection Seminar 2024
Personal Data Protection Commission
15 July 2024 | 9.30am – 12.00pm | Sands Expo & Convention Centre | Complimentary

ISACA GTACS Conference 2024
ISACA Singapore Chapter
16 July 2024 | 9.00am – 5.10pm | Suntec Singapore Convention Centre
SID members: S$250 (Regular price S$275) Discount code: ISACASID

ACCA Singapore 88th Anniversary Gala Dinner
ACCA Singapore
3 September 2024 | 7.00pm – 9.30pm | InterContinental Singapore
SID members: S$330 (Regular price S$380) Discount code: ACCA88SP15

Singapore WSH Conference 2024
Workplace Safety and Health Council
11 September 2024 | 9.00am – 5.35pm | Marina Bay Sands
SID members: S$400 (Regular price S$800) Discount code: SWSHCSID

 Copyright (C) 2024 Singapore Institute of Directors. All rights reserved.

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