To foster good governance and ethics in corporate leadership.
To be the national association advancing the highest level of ethical values, governance, and professional development of directors.
Formed in 1998, the Singapore Institute of Directors (SID) is the national association of company directors. It works closely with the authorities and regulators, and its network of members and professionals to uphold and enhance the highest standards of corporate governance and ethical conduct.
The SID’s membership comprises mainly directors of commercial companies and non-profit organisations, as well as lawyers, accountants, academics and other professionals in the field of corporate governance. The affairs of the SID are directed by an elected Governing Council and managed by an Executive Team.
The SID has a comprehensive professional education curriculum that covers the entire spectrum of a director’s developmental needs. Numerous courses cater to the different groups of directors – from aspiring and new directors, to experienced directors and Chairmen of Boards, and the various Board Committees.
In particular, the SID provides thought leadership on corporate governance and directorship issues. It keeps directors apprised of the latest thinking and happenings through a quarterly Directors’ Bulletin, Statements of Good Practices, boards and directorship surveys, research publications, and forums and seminars.
To encourage excellence in corporate governance, the SID manages the Best Managed Board Award, the Best CEO Award and the Best Investor Relations Award; these are presented at the annual Singapore Corporate Awards which it co-organises with the Institute of Singapore Chartered Accountants and The Business Times. In addition, the SID and the NUS Centre for Governance, Institutions and Organisations (CGIO) produce the Singapore rankings for the ASEAN Corporate Governance Scorecard. Further the SID, CGIO and CPA Australia collaborate on the Singapore Governance and Transparency Index.
The SID also provides other value-add services to its members including regular networking events and socials, board appointment services, and a one-stop information service on governance related matters.