Research shows a correlation between board diversity and organisation performance. A balanced and diverse board of directors encourages different perspectives and considered decision-making, characteristics of high performing boards. However, most organisations depend on the personal networks of their board and management when searching for board candidates. While a few are widening their reach and taking a more arm’s length approach by using professional search firms, organisations tend to limit their use of search firms to specific situations such as finding international directors, for cost reasons.
SID offers a set of affordable board appointment services that organisations can tap on to search and appoint suitable board or committee members.
Listed or private companies can leverage on SID’s Board Appointment Services to reach out to potential independent directors via its Board Match Service.
For nonprofit organisations, SID works with the Centre for Non-Profit Leadership (CNPL) to offer the SID-CNPL BoardMatch Premium Service, to assist with nonprofit organisations’ search for board or committee members.
i. Available Pool of Qualified Directors
SID has an extensive directory of directors who are willing and qualified to serve as independent directors on boards. SID members comprise directors of private companies, companies listed on the Singapore Exchange and other international exchanges, and nonprofit organisations. They have the depth and breadth of technical competencies and professional experience, with a diverse range of backgrounds. More importantly, SID’s Continuing Professional Development requirements and comprehensive training curriculum ensure that its members are professionally equipped and up-to-date with the latest developments in directorship and boardroom matters.
ii. Affordable Fees
SID’s fees are tiered based on the size of organisations and type of services the organisations are seeking, to ensure that fees are kept affordable.
iii. Comprehensive Search and Assessment Process
Finding the right fit for your board can be a long process. SID offers a comprehensive approach to help organisations search for independent directors. SID works hand-in-hand with the organisation in every stage of the search and appointment process, which includes discussing with the organisation the potential skills and gaps that need to be filled. It allows an organisation to directly reach out to SID members in its search for new directors.
Once the organisation identifies its specific needs and the requisite qualifications of the new director candidate(s), SID will reach out to its membership base (via e-circular) with the details and available board position.
For more information on SID’s Board Appointment Services, please download the following files:
For listed and private companies:
• SID Board Appointment Services
For nonprofit organisations:
• SID-CNPL BoardMatch Premium Service
If you have any further queries, please contact us at +65 6422 1188 or [email protected].