Ramping up for 2025

Dear SID Member,

Welcome back. We hope you are refreshed and ready for what looks to be an exciting 2025.

In our first newsletter of the year, we are delighted to share some exciting updates and initiatives as we continue to support and empower our community of directors and business leaders.

Singapore Budget 2025

For the first time, SID submitted a proposal to the Ministry of Finance for the Singapore Budget 2025. This was developed with KPMG Singapore, and reflected ideas from SID members. Sign up for the post-budget panel discussion for directors and CEOs on 4 March 2025 to gain key insights on the Government's priorities and proposed measures shaping Singapore's future competitiveness and resilience.

Expanding board opportunities

SID has partnered with prominent organisations to bring new opportunities to our members.
International Finance Corporation (IFC) Nominee Directorship Centre: This collaboration allows SID senior accredited directors to be considered for nominee directorship roles in IFC’s global investee companies. Applications have closed, but do look out for more initiatives for accredited members.

Ministry of Education: SID members can now be considered for positions on School Advisory Committees, contributing to the development of Singapore’s education landscape. Members can express their interest by filling out this form by 20 January 2025.

Partner benefits: Corporate members of SID now have a range of partner benefits to tap on for board solutions and services.

These partnerships underscore our commitment to expanding pathways for leadership and impact for our members.

For those who have yet to renew their SID membership, please do so as soon as possible. Please note that the SID membership term ends at the end of the calendar year in December. To check your membership status, please login to your account here.

Supporting Exercise SG READY

SID is proud to support Exercise SG READY, a national initiative to help businesses prepare for disruptions such as cyberattacks on critical infrastructure. By participating, your organisation will gain access to essential resources and readiness strategies.

Participation is free. Sign up now or click here for more information. Alternatively, visit www.sid.org.sg/sgready for the latest updates.

Board Diversity Index

The second edition of the Board Diversity Index by SID, WTW and JCU will be unveiled on 20 January 2025, charting the progress of listed entities in Singapore. Supported by ACRA and SGX, this year’s index celebrates companies that have made advances in their board diversity journeys.

Also happening in January is the annual Audit and Risk Committee Seminar 2025 organised in collaboration with ACRA and SGX. Join us as we bring together board directors, regulators and corporate governance experts to explore the latest trends impacting audit and risk.

Accreditation exam

Do look out for our next Accreditation Exam in April (the other window is in August), with registrations beginning in February and June respectively. There is an upcoming preview for the April exam on 4 February 2025. Or you can sign up for the preparatory course here.

SID and SBF are jointly developing a Board Director Training Roadmap to equip board members of trade associations and chambers (TACs) with knowledge and skills to better govern their organisations and enhance decision-making capabilities. Watch out for more information, or tune in to the TAC Summit on 22 January 2025 for more information.

We encourage all members to seize these opportunities and be a part of our growing directorship community.

Here’s to a fruitful 2025, and we hope to see you at our events and courses.

HIGHLIGHTS

Launch of 2025 Singapore Board Diversity Index
20 January 2025 | 3.00pm – 5.00pm | Frasers Tower

Board diversity encourages different perspectives and enhances decision-making. First launched in 2020, SID, WTW and JCU are pleased to unveil the latest update of the Singapore Board Diversity Index, charting the progress of listed entities in Singapore. Supported by ACRA and SGX, this year’s index not only highlights the importance of a broader conception of board diversity in driving corporate excellence but also celebrates companies that have made remarkable progress in their diversity journeys. Join us as we recognise how board diversity can help inclusive and forward-thinking companies boost investor confidence and drive innovation.

Building a Future-Ready Supply Chain
26 February 2025 | 9.00am – 6.00pm | PARKROYAL COLLECTION Marina Bay

The Covid-19 pandemic has heightened awareness of the complexities and vulnerabilities of the global supply chain. As new geopolitical challenges emerge, businesses face new uncertainties. How do companies ensure that supply chains are resilient and sustainable? In this one-day masterclass by SID and GoImpact, we explore strategies to reconfigure supply chains, the challenges and possible models that can be considered. Participants will also learn about downsides associated with the failure to ensure supply chain sustainability.

Audit and Risk Committee Seminar 2025
Elevating Shareholder Value with Good Governance
22 January 2025 | 9.30am – 12.00pm | PARKROYAL COLLECTION Marina Bay

In today’s dynamic business environment, the role of the Audit and Risk Committee (ARC) is more critical than ever, not only protecting but enhancing shareholder value. At this event we delve into how the ARC can effectively guide senior management to prioritise sustainable growth by balancing ambitions, risks and governance considerations. Join us for an insightful sharing featuring speakers from SID, ACRA and SGX. Discover how the ARC can drive sustainable development and long-term value creation for your organisation.

Difficult Conversations in the Boardroom
7 February 2025 | 3.00pm – 5.00pm | 168 Robinson Road

In this roundtable series, SID’s Nominating and Remuneration Committee Chapter provides a platform for peer learning through robust discussion and exchange of ideas, using practical case studies on critical topics and current issues. This session on tackling difficult conversations in the boardroom will be structured around a real-life case (fictionalised for confidentiality purposes). Presented with a scenario of “What would you do?,” members will have the opportunity to share their opinions and experiences, as well as brainstorm potential solutions. The Chatham House rule applies.

Director Financial Reporting Fundamentals
27 February 2025 | 9.00am – 6.00pm | PARKROYAL COLLECTION Marina Bay

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.

Post-Budget 2025 Perspectives
(For members only, complimentary)
4 March 2025 | 9.00am – 12.00pm | KPMG Clubhouse

For the first time, SID is collaborating with KPMG in Singapore to host a panel discussion on the Singapore Budget 2025, tailored for boards of directors and CEOs. Join us to gain valuable insights on the economic outlook, emerging risks and opportunities, and key strategies for businesses to stay competitive. This session will also cover the Government's priorities and proposed measures shaping Singapore's future competitiveness and resilience.

Listed Entity Director Programme
11 – 26 March 2025 | 2.00pm – 6.00pm | Online Webcast

The Listed Entity Director Programme is a pre-requisite course supported by the Singapore Exchange for first-time appointees on boards of listed companies. For a limited time only, complete all core and optional modules in one year and get a waiver of accreditation exam fees. Plus, receive a set of Corporate Governance Guides for Boards as well as priority registration for the Audit and Risk Committee Seminar and access to regulatory updates.

SID Directors Bulletin
Building Resilience in the Age of Advocacy and Activism

To build and protect brand reputation in today’s volatile business environment, companies must move beyond reactive crisis management, says Geraldine Kan. Organisations should adopt a more purposeful, proactive and agile approach to resilience and reputation building. This means starting with a clear outcome in mind, assessing potential risks, engaging stakeholders, ensuring transparency and driving these efforts through strong leadership.

SID Boardroom Matters
Geopolitics: A Critical Agenda for the Boardroom

The recent shifts in US-China relations illustrate how geopolitics can alter the corporate landscape. Companies that relied heavily on Chinese manufacturing have been caught in the crossfire of tariffs and trade wars, leading many to reconsider their supply chain strategies. For Singapore companies, these shifts present both risks and opportunities, says Shai Ganu. Political disruptions, such as the Ukraine war and the conflict in the Middle East, can swiftly upend even the most stable markets. A robust approach to scenario planning can help companies prepare for unexpected shocks.

Company of Good Recognition 2025
National Volunteer and Philanthropy Centre
Applications are open until 3 March 2025

The World Expo of Solutions for the Planet
Climate Governance Initiative
24-26 April 2025 | Grand Palais, Paris | From €270

 Copyright (C) 2025 Singapore Institute of Directors. All rights reserved.

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