As a testament to DBS’ commitment to sound corporate governance, the bank has won the Singapore Corporate Awards’ (SCA) top accolade, the ‘Special Recognition Award’.
According to the SCA, the pinnacle award was conferred to DBS for “its all-round excellence in corporate governance”. It is also bestowed on companies that have clinched an award in all five categories1 of the SCA over a five-year period. In the last five years, DBS was the first company to have won the top award in each of the five categories.
DBS’ performance in the various areas of corporate governance such as sustainability and diversity were also attested to by its consistent top rankings in the Singapore Governance and Transparency Index (Top 3 in the SGTI 2017) and the ASEAN Corporate Governance Scorecard (Top 3 in the 2017 Scorecard).
DBS CEO Piyush Gupta said, “It is an honour to be recognised for our all-round leadership in corporate governance. DBS has an active board that is conscious of the diverse needs of our stakeholders and has put in place robust mechanisms to ensure that corporate governance principles are embedded in our corporate culture. As we celebrate our golden jubilee this year, this award inspires us to continue to reimagine banking and do even better for our customers, employees and stakeholders.”
Past Singapore Corporate Awards accolades won by DBS:
• Best Managed Board Award (2014 and 2017 Gold winner in Large Cap category)
• Best CEO (Piyush Gupta won in 2013 in Large Cap category)
• Best CFO (Chng Sok Hui won in 2014 in Large Cap category)
• Best Investor Relations Award (2015 Gold winner in Large Cap category)
• Best Annual Report Award (2017 Gold winner in Large Cap category)
The ‘Special Recognition Award’ was introduced in 2016 to recognise exemplary board conduct and governance in areas not already covered by the existing five categories of awards.
The SCA is organised by the Institute of Singapore Chartered Accountants, Singapore Institute of Directors and The Business Times, supported by Accounting and Corporate Regulatory Authority and Singapore Exchange, and sponsored by Bank Julius Baer. Other partners include Deloitte, EY, Heidrick & Struggles Inc, KPMG, PwC, Citigate Dewe Rogerson and i.MAGE.
1 The five categories are – Best Managed Board, Best Investor Relations, Best Annual Report, Best CEO and Best CFO.
DBS is a leading financial services group in Asia, with over 280 branches across 18 markets. Headquartered and listed in Singapore, DBS has a growing presence in the three key Asian axes of growth: Greater China, Southeast Asia and South Asia. The bank's "AA-" and "Aa1" credit ratings are among the highest in the world.
DBS is at the forefront of leveraging digital technology to shape the future of banking, and has been named “World’s Best Digital Bank” by Euromoney. The bank has also been recognised for its leadership in the region, having been named “Asia’s Best Bank” by several publications including The Banker, Global Finance, IFR Asia and Euromoney since 2012. In addition, the bank has been named “Safest Bank in Asia” by Global Finance for nine consecutive years from 2009 to 2017.
DBS provides a full range of services in consumer, SME and corporate banking. As a bank born and bred in Asia, DBS understands the intricacies of doing business in the region’s most dynamic markets. DBS is committed to building lasting relationships with customers, and positively impacting communities through supporting social enterprises, as it banks the Asian way. It has also established a SGD 50 million foundation to strengthen its corporate social responsibility efforts in Singapore and across Asia.
With its extensive network of operations in Asia and emphasis on engaging and empowering its staff, DBS presents exciting career opportunities. The bank acknowledges the passion, commitment and can-do spirit in all of its 26,000 staff, representing over 40 nationalities. For more information, please visit www.dbs.com.