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PROGRAMME overview

GLOBAL CORPORATE GOVERNANCE CONFERENCE 26th September 2016, Monday, 9am – 5.30pm Mandarin Orchard Hotel

iconTime iconProgramme
8.00am

Registration and Breakfast

9.00am

Welcome Address by Mr. David Gerald
Founder, President & CEO, SIAS

9.05am

Opening Address by Guest-of-Honour, Mr. Ong Chong Tee
Deputy Managing Director (Financial Supervision), Monetary Authority of Singapore

9.15am

Launch of 7th Corporate Governance Week

9.20am

Presentation on “Change and Innovation in Governance”
by Prof. Erik Vermeulen, Professor of Business & Financial Law, Department of Business Law, Tilburg University

More new economy companies with no assets such as Facebook are listed on the stock exchanges globally. There have been controversial discussions on how sustainable are these companies and if they can drive shareholder value. With the basic operation model of a company changing in the new economy; how does governance change when operating model changes? How to protect shareholder rights in a situation where companies don’t have or own the assets?

9.50am

Panel Discussion on “Change and Innovation in Governance”

Moderator:
Dr. Roger Barker, Senior Consultant, Corporate Governance, Institute of Directors, Chairman, Global Corporate Governance Conference Advisory Council

Panelists:
Ms. Deevya Desai, Regional Head, Public Affairs, Grab
Prof. Erik P.M. Vermeulen, Professor of Business & Financial Law, Department of Business Law, Tilburg University
Mr. Kenneth Yap, Chief Executive, Accounting and Corporate Regulatory Authority (ACRA)
Mrs. Lee Suet-Fern, Managing Partner, Morgan Lewis Stamford LLC
Mr. Neal Cross, Managing Director and Chief Innovation Officer, DBS Bank

10.45am

Coffee Break

11.00am

Presentation on “Building trust – Trust, but Verify”
by Ms. Turid Solvang, Chair, ecoDa (European Confederation of Directors Associations), Co-Founder Norwegian Institute of Directors

Investors today are increasing their demands that trust be accompanied by verification. “Trust but verify” was a slogan used during the Cold War to describe the basis for transparency in political relationships. Today, the term can be used to describe a strategy for narrowing the “trust gap” not between nations, but between companies and stakeholders. While transparency is an all-important first step in building trust, it is not the entire solution. Without credibility, transparency remains an unverified promise. Organizations can achieve the transparency and credibility that lead to trust in the marketplace by taking steps to do so internally and by the help of an independent third party.

SIAS, did a survey on the “Value of audit, views from private investors” with ACCA highlighted that, almost all (94%) of respondents desired that the additional information to be made available to the public and not be restricted to only the audit committee.

What must companies do in this digital social media driven age to drive trust and credibility? How do companies report on non-financial data? Are the current codes sufficient to meet the demands of investors today and do companies need to do more?

11.30am

Panel Discussion on “Building trust – Trust, but Verify”

Moderator:
Mr. Melvin Yong, Country Head, CPA Australia, Management Committee, SIAS

Panelists:
Mr. Eugene Wong, Founder, Sirius Venture Capital
Ms. Jacqueline Loke, Senior Partner, Dentons Rodyk
Mr. Keoy Soo Earn, Regional Managing Partner, Financial Advisory Services, Deloitte Southeast Asia
Ms. Pru Bennett, Director, Investment Stewardship, BlackRock
Ms. Turid Solvang, Chair, ecoDa (European Confederation of Directors Associations), Co-Founder Norwegian Institute of Directors

12.30pm

Lunch

1.30pm

Presentation on “Sustainability, Stakeholder Engagement and Future of Corporate Reporting”
by Ms. Yeo Lian Sim, Special Advisor, SGX

With the changing climatic condition affecting everyone globally, 195 countries have adopted the Paris accord. SGX also launched the new requirements for listed companies to conduct "comply or explain" sustainability reporting in 2018. How can companies do better in communicating their ESG activities? What are the best practices and do they translate to better shareholder value?

2.00pm

Presentation on “Future of the Annual Report- What does a Good Annual Report look like?”
by Mr. Jonathan Labrey, Chief Strategy Officer, International Integrated Reporting Council (IIRC)

Today, there is growing changes on the company disclosure requirements – Sustainability reporting, governance and compliance requirements, reporting on risk and Integrated Reporting. Investors are also relying on more non-financial information in decision making. What else should go into the annual report? How will the future of annual report look like?

2.30pm

Panel Discussion on “Sustainability, Stakeholder Engagement and Future of Corporate Reporting”

Moderator:
Mr. Loh Uantchern, Chairman, SIAS Corporate Governance Week Programme, CEO, Asia Pacific, Black Sun Plc

Panelists:
Ms. Esther An, Chief Sustainability Officer, City Developments Limited
Ms. Fang Eu-Lin, Partner, PwC Singapore
Mr. Jonathan Labrey, Chief Strategy Officer, International Integrated Reporting Council (IIRC)
Mr. Pong Chen Yih, Principal, Corporate & Securities, Baker & McKenzie.Wong & Leow
Ms. Sallie Pilot, Director of Planning and Strategy, Black Sun Plc
Ms. Yeo Lian Sim, Special Adviser, SGX

3.30pm

Tea Break

3.45pm

Presentation on “Corporate Culture and Long-Term Success”
by Dr. Hans Christoph-Hirt, Co-Head, Hermes Equity Ownership Services Ltd

Corporate culture is an important part of corporate governance but it does not get enough attention from the board and management as most companies spent time pursuing tangible financial KPIs. What is exactly is corporate culture and why does it matter? What went wrong in Volkswagen? Is there empirical evidence of successful management of a succession in founder/family owned companies?

4.15pm

Panel Discussion on “Corporate Culture and Long-Term Success”

Moderator:
Mr. Mark Laudi, Managing Director, Hong Bao Media

Panelists:
Mr. David Christopherson, Group Chief Executive & Founding Partner, Black Sun
Mr. Derrick Lim, Head of Internal Audit, SIA, SAC Internal Audit Leaders Council
Dr. Hans Christoph-Hirt, Co-Head, Hermes Equity Ownership Services Ltd
Dr. Roger Baker, Senior Consultant, Corporate Governance, Institute of Directors, Chairman, Global Corporate Governance Conference Advisory Council
Mr. Tay Woon Teck, Managing Director - Risk Advisory, RSM

5.15pm

Closing speech by Dr. Roger Barker
Senior Consultant, Corporate Governance, Institute of Directors, Chairman, Global Corporate Governance Conference Advisory Council.

5.30pm

End of Conference

CORPORATE GOVERNANCE FORUMS 27th September 2016, Tuesday, 9.30am – 5pm
Mandarin Orchard Singapore, Grand Ballroom 1, Level 6 Main Tower



iconTime Forum 1: What does good look like:
Towards better corporate reporting by Black Sun
9.00am

Registration and Breakfast

9.30am

Presentation
by Ms. Sallie Pilot, Director of Planning & Strategy, Black Sun Plc

The debate about how to improve the usefulness and transparency of corporate reporting has been going for years in Singapore and beyond. Following the introduction of the International Integrated Reporting () Framework in 2013 as well as the SGX Sustainability Reporting Guide in 2016, many companies are now contemplating about transforming their reporting approach to better meet the needs of shareholders and other stakeholders and achieve business benefits.

Black Sun believes that the challenge is not only to comply with international and Singaporean reporting frameworks, but to also develop a strategic corporate reporting approach that would help companies address the changing information needs of investors and other stakeholders, as well as respond to other drivers, such as brand, technology and efficiency.

In this workshop, hear from senior thought leaders of Black Sun share a reporting roadmap based on market drivers, stakeholder expectations and requirements of different reporting frameworks. They will also be sharing about the 11th edition of The Complete 100, which is Black Sun’s annual assessment of all FTSE 100 Annual Reports, which identifies trends and best practices in corporate reporting under these four key themes: Value Creation, Connectivity and Long-Term Thinking, Governance and Accountability and Corporate Culture. Through case studies, look at how these themes can support the value creation process and proposition.

10.00am

Discussion
Forum Facilitators:
Ms. Joanne Lee, Senior Manager of Black Sun Plc
Ms. Sallie Pilot, Director of Planning and Strategy, Black Sun Plc
Mr. Loh Uantchern, Chief Executive, Asia Pacific, Black Sun Plc

11.30am

End of Forum 1

iconTime Forum 2: Disclosing for good corporate governance
by Dentons Rodyk
12.00pm

Registration and Lunch

12.30pm

Presentation
by Mr. Chan Wan Hong, Senior Partner, Dentons Rodyk

In the promotion of good corporate governance, SGX-listed companies are subject to a myriad of disclosure requirements under various rules and regulations, including the SGX listing manual, the ‘comply or explain’ regime of the Singapore Code of Corporate Governance, and the Companies Act.

It would be beneficial for companies to have sound knowledge on corporate governance, which is an area that has been increasingly and prominently featured in the Singapore media and business community. Develop a better understanding on the disclosure requirements of listed companies in this session with Dentons Rodyk’s Senior Partner Chan Wan Hong.

This forum will cover an overview on the disclosure requirements for listed companies. Gain valuable insights on good disclosure practices and recognise the importance of maintaining high standards of corporate governance during the discussion, which will touch on several recent cases relating to the issue.

2.30pm

End of Forum 2

iconTime Forum 3: Culture: what’s the point?
by SIAS
2.30pm

Registration

3.00pm

Presentation
by Mr. David Christopherson, Group Chief Executive & Founding Partner, Black Sun

It is nearly impossible to open a business magazine today without stumbling on the word ‘culture’. Often held as the culprit in cases of corporate wrongdoing, sometimes described as the magic ingredient to drive business success, culture is certainly a ‘trending’ business topic. Yet, how many organisations could currently claim that they manage culture in a coherent or integrated way? Only a handful, at best.

So, does culture really matter? Does it help organisations create long-term value, or is it another management fad with no real impact on organisations’ performance?

This workshop will be a practical and interactive session to explore what a healthy culture means in today’s world of business, 24/7 communications and growing stakeholder empowerment.

In this workshop, learn how you can:

  • Demystify what culture really is and what it means
  • Explore the external drivers requiring organisations to manage their culture
  • Examine the link between internal culture and external reputation
  • Provide insights and examples on how to create and embed the right culture

This session will be a combination of short presentations, interactive polls and table discussions, where you will be able to share challenges and opportunities around building and embedding culture within organisations.

4.00pm

Panel Discussion

Moderator:
Mr. David Gerald, Founder, President & CEO, SIAS
Panelists:
Mr. David Christopherson, Group Chief Executive & Founding Partner, Black Sun
Dr. Gunter Dufey, Professor Emeritus, University of Michigan Business School, Consultant on the Faculty of Banking and Finance, Nanyang Business School
Mr. Robson Lee, Partner, Gibson, Dunn & Crutcher LLP

5.00pm

End of Forum 3

CHARITY GOVERNANCE CONFERENCE 28th September 2016, Wednesday, 9am – 12.45pm
Mandarin Orchard Singapore, Function Rooms

**Delegates from Charities or IPCs are required to adhere to the Attendance Policy to be entitled for the VCF Training Grant subsidy. This includes signing-in on arrival for the Conference and signing-out after the end of the Workshop selected, and not being absent from the entire activity for more than 15 minutes.

Workshop availability is subjected to first come first serve basis.

Due to limited seats, we are only able to accommodate 2 representatives per organisation. Subsequent registration from the same organisation will be placed on a waiting list.

iconTime iconProgramme
8.00am

Registration

9.00am

Introduction
Mr. Mark Laudi, Managing Director, Hong Bao Media

9.10am

Welcome Address
Mr. David Gerald, Founder, President & CEO, SIAS

9.20am

Opening Address
Mr. Gerard Ee, Chairman, Charity Council

9.30am

Lessons on Corporate Governance Applicable to Charities
by Mr. Tay Woon Teck, Managing Director, Risk Advisory, RSM

  • What are the best practices for good governance that are similar for both charities and companies?
  • What are the measures charities can put in place to avoid similar lapses?
  • This presentation will share case studies on governance lapses in listed-companies which are also applicable to charities.
  • Governance areas to be covered are: conflict of interest, related party transactions, independence and interdependence of the board and adherence to the code.

10.00am

Panel Discussion #1: Lessons on Corporate Governance Applicable to Charities
Moderator:
Mr. Mark Laudi, Managing Director, Hong Bao Media
Panelists:
Mr. David Wong, Board Member, Methodist Welfare Services, Charity Council Member
Dr. Gunter Dufey, Professor Emeritus, University of Michigan Business School, Consultant on the Faculty of Banking and Finance, Nanyang Business School
Mr. Robson Lee, Partner, Gibson, Dunn & Crutcher LLP
Mr. Tay Woon Teck, Managing Director, Risk Advisory, RSM
Mr. Vincent Chen, Lead Independent Director of Manager, Suntec REIT

10.50am

Tea Break

11.20am

Investing Surplus Funds
by Prof. Ho Yew Kee, Head, Department of Accounting, NUS Business School

For charities, venturing into financial investment is another avenue to generate investment income to spend on your charity's aims, as a way to meet its aims directly or both. Investments needn't be daunting if good planning is in place to support the process and the investment strategy is simple.

This segment on Investments touches on pertinent questions such as:

  • How to determine if your charity is ready to invest in its reserves?
  • Does investing create value to the donors and beneficiaries?
  • Who is responsible for the investment choices made?
  • Is an investment committee necessary, what is the necessary expertise that the members should possess? Should charities engage professionals to manage their surpluses?
  • How do charities account to donors and stakeholders in the event of investment loss?

11.50am

Panel Discussion #2: Investing Surplus Funds
Moderator:
Mr. Mark Laudi, Managing Director, Hong Bao Media
Panelists:
Mr. Ang Hao Yao, Chairman, SATA CommHealth, Charity Council Member
Mr. David Smith, Head of Corporate Governance, Aberdeen Asset Management Asia
Prof. Ho Yew Kee, Head, Department of Accounting, NUS Business Schoo
Mr. Marcus Lam, Partner, Head of General Assurance, PricewaterhouseCoopers LLP

12.30pm

Presentation of Token of Appreciation

12.45pm

Networking Lunch
Corporates attending the Governance Workshops in the PM will also be invited for the lunch session

GOVERNANCE WORKSHOPS28th September 2016, Wednesday, 2pm – 4pm
Mandarin Orchard Singapore, Function Room

Workshops Breakout Session – Governance (concurrent)



iconTime Workshop #1: Effective Communication and Crisis Management
2.00pm

Public image is important for both corporates and charities. In the event of a public relations crisis, is your organisation well-equipped to deal with it?

Corporates may have the experience and resources to brush off bad press, but what about charities? Charities depend greatly on the confidence and trust from the public for donations and continued support to its charitable causes, hence negative publicity can be very damaging to charities.

This workshop will guide the organisation in terMs. of preparing a crisis management plan and the dos and don’ts in managing stakeholders’ relations in an event of a crisis.

Moderator:
Mr. Mark Laudi, Managing Director, Hong Bao Media
Panelists:
Ms. Chia Hui Kheng, Managing Director, Citigate Dewe Rogerson i.MAGE
Mr. Chua Wei Bin, Director (Allied Heath and Resource Development), National Kidney Foundation
Mr. David Gerald, Founder, President & CEO, SIAS
Mr. Patrick Nathan, Vice President, Corporate Information and Communications, SMRT Corporation

4.00pm

End

iconTime Workshop #2: Organisational Performance And Sustainability With Good Governance by RSM
2.00pm Panel Session #1: "Staying on Track With Robust Governance”

In the current volatile, uncertain and complex environment, organisations have to continually review and adapt their strategies and effectively anticipate emerging risks for their businesses to succeed and grow. Regulators and other stakeholders have also stepped up their expectations on management’s and Board of Director’s responsibilities on corporate governance, internal control and risk management. This panel discussion looks into the important fundamentals of good governance and how governance provides assurance that the business stays on track and achieves long term sustainability.

Moderator:
Mr. Dennis Lee, Director, Risk Advisory, RSM
Panelists:
Mr. Adrian Chan, Senior Partner and Head of the Corporate Department, Lee & Lee
Mr. Hooi Yu Koh, CEO and Managing Director, Kori Holdings Limited
Mr. Paul Tan, Managing Director of CA TRUST PAC

Panel Session #2: "Governance and Sustainability For Non-Profit Organisations”

A robust governance framework is key in managing the overall direction, effectiveness, supervision and accountability of public organizations including charities and other non-profit organizations. The organisations work for the benefit of public and are accountable to the public and the other stakeholders. Good governance is an important criterion for the public and stakeholders to donate funds or volunteer their services to an organisation. This panel discussion looks at the roles and responsibilities of the Board and the management of the organisation to implement good governance practices for the effective performance and sustainability of their operations.

Moderator:
Mr. Sovann Giang, Senior Director, Risk Advisory, RSM
Panelists:
Ms. Catherine Loh, CEO, Community Foundation of Singapore
Mr. Ezekiel Tan, General Secretary / CEO, The Bible Society of Singapore (BBS)
Dr. Ow Chee Chung, CEO, Kwong Wai Shiu Hospital

4.00pm

End

iconTime Workshop #3: Enterprise Resilience in the Age of Disruptive Technologies
2.00pm

Enterprises today are subjected to a host of dynamic forces like technological changes - like the rise of automation, the growth of the ‘internet of things’; new business models - like the rise of the sharing economy and ‘everything as service’ where an increasing number of services that are delivered over the Internet rather than provided locally or on-site; workforce changes - with a greater incidence of freelancing and the growing expression of private beliefs such as religious/sexual preferences in the workplace etc.

Organizations are increasingly struggling to cope with such changes as evident from fast rise and fall of many new and established companies in the recent years. As such, enterprises need to adopt a flexible model that can collaborate with a wide group of stakeholders on a continuous basis.

Case Study: The future of government - how government organizations are coping with disruptive technologies and business models (eg. No tax filing in Singapore; Payment for staying healthy in England).

The workshop will focus on implications of disruptive technologies for governance on organizations such as Charities.

Presenter:
Mr. Shivaji Das, Partner and Global Head, Public Sector Consulting Practice, Frost & Sullivan

4.00pm

End

INVESTORS' FORUM 29th September 2016, Thursday, 7.30pm – 9.30pm
SGX Auditorium

Investors’ Forum - Sustainability and Long Term Value Creation

Environmental and social issues affect valuation and financial performance. If your investment decisions focus only on the financial disclosures, you will not be looking at the complete picture.

81% of market value in the S&P 500 is due to intangible factors (environmental capital, human capital, sustainability governance and stakeholder relationships). Only 19% is accounted for by physical and financial assets.

Companies listed on SGX will have to publish a sustainability report from 2017 financial year onwards. With more non-financial information made available, how do you access a company? What do you look out for?

iconTime iconProgramme
7.00pm

Registration

7.30pm

Welcome Address by SIAS

7.35pm

Presentation on “Importance of Sustainability Reporting for Retail Investors”
Presentation by Ms. Yeo Lian Sim, Special Adviser, SGX

8.00pm

Presentation on “Sustainability Reporting”
Presentation by Ms. Belinda Lee, Head, Investor Relations and Corporate Communications, City Developments Limited

8.25pm

Presentation on “Investing in Sustainability – Does it pay?”
Presentation by Mr. Arthur Wu, Senior Analyst, Manager Research, Morningstar Research Pte Ltd

8.50pm

Panel Discussion on “Sustainability and Long Term Value Creation”
Moderator:
Mr. David Gerald, Founder, President & CEO, SIAS
Panelists:
Mr. Arthur Wu, Senior Analyst, Manager Research, Morningstar Research Pte Ltd
Ms. Belinda Lee, Head, Investor Relations and Corporate Communications, City Developments Limited
Ms. Sallie Pilot, Director of Research and Strategy, Black Sun
Ms. Yeo Lian Sim, Special Adviser, SGX

9.30pm

End of Forum

SIAS 17th INVESTORS’ CHOICE AWARDS DINNER PRESENTATION CEREMONY 30th September 2016, 7pm – 10.30pm
Mandarin Orchard Singapore, Grand Mandarin Ballroom Level 6 Main Tower

iconTime iconProgramme
6.00pm

Arrival of Guests & Cocktail Reception

6.45pm

Guests to be seated

6.45pm

Arrival of Guest-of-Honour
Ms. Indranee Rajah, Senior Minister of State for Law and Finance

7.05pm

Event Opening Performance

7.15pm

Welcome Address by SIAS
Mr. David Gerald, Founder, President and CEO

7.25pm

Opening Address by Guest-of-Honour
Ms. Indranee Rajah, Senior Minister of State for Law and Finance

7.35pm

SUSTAINABILITY AWARD
Presentation

7.45pm

SINGAPORE CORPORATE GOVERNANCE AWARD
Presentation

8.15pm

BEST RETAIL BROKER AWARD
Presentation

8.25pm

INTERNAL AUDIT EXCELLENCE AWARD
Presentation

8.30pm

Trio String Instrument Stand up Performance 1

8.45pm

FINANCIAL JOURNALIST AWARD
Presentation

9.00pm

MOST TRANSPARENT COMPANY AWARD
Presentation (Part 1)

9.20pm

MOST TRANSPARENT COMPANY AWARD
Presentation (Part 2)

9.40pm

Trio String Instrument Stand up Performance 2

9.55pm

MOST TRANSPARENT COMPANY AWARD
Presentation (Part 3)

10.15pm

Group Photo Taking with Guest-of-Honour & Award Winners on stage

10.30pm

End of SIAS 17TH Investors’ Choice Awards Dinner Presentation Ceremony