Swiber Holdings Limited (“Swiber” or together with its subsidiaries, the “Group”), a world class integrated construction and support services provider to the offshore industry, has emerged a winner in Securities Investors Association (Singapore) (“SIAS”)’s Singapore Corporate Governance Award (“SCGA or the “Award”) in the Small Cap category.
The Investors’ Choice Awards honour and recognise public listed companies which have demonstrated exemplary Corporate Governance and Transparency practices throughout the year.
At this evening’s SIAS 13th Investors’ Choice Awards and Anniversary Dinner, Swiber will receive the winning Corporate Governance Award from Deputy Prime Minister and Minister for Finance, Mr Tharman Shanmugaratnam.
Mr Francis Wong, Group CEO and President of Swiber says, “We are delighted to be the Winner of the highly esteemed Singapore Corporate Governance Award in our category and will like to thank SIAS and its partners for faithfully championing excellence in corporate governance.
“This is a milestone achievement for the Group as it marks the first time that Swiber is winning this Award. As we execute our strategy, expanding into the Middle East and Latin America, we also continue to review our processes to improve each aspect of corporate governance to be in line with best practices. Swiber’s board is mindful of the interests of our stakeholders and we are pleased that our efforts have been recognised by the investment community. As we step into a new dimension of growth, Swiber will continue to be a steward of excellent corporate governance practices across our operations.”
Swiber was reviewed with a new scorecard developed by SIAS, together with the Sim Kee Boon Institute for Financial Economics at SMU and Brendan Wood International. The new scorecard is based on international best practices from the Organisation for Economic Co-operation and Development (“OECD”) and incorporated the voice of the shareholders provided by Brendan Wood’s Shareholder Confidence Index.
SIAS’ Singapore Corporate Governance Award was presented at a dinner event held at Fairmont Ballroom, Raffles City Convention Centre.
[mappress] Press Release, October 04, 2012