Tang Boon Kang (Snr Manager, Group Risk Management & Internal Audit),
John Lim (Group CEO & Executive Director),
Lim How Teck (Independent Non-Executive Director), Justin Chiu (Chairman & Non-Executive Director), Lee Yock Suan (Independent Non-Executive Director),
Moses Cheng (Independent Non-Executive Director),
Anthony Ang (CEO, ARA Asset Management (Fortune) Limited),
Tan Wee Sze (Snr Finance Manager), Ng Beng Tiong (CEO, Private Funds, CEO, ARA Managers (Asia Dragon) Pte Ltd & Director, Corporate Office)
ARA Asset Management Limited has been conferred the prestigious Best Managed Board (Gold) Award at the Singapore Corporate Awards 2012 for companies with S$300 million to less than S$1 billion in market capitalisation.
Organised by The Business Times and supported by the Singapore Exchange, the event seeks to recognise excellence in corporate governance and shareholder communication amongst SGX-listed companies.
In particular, the Best Managed Board Award assesses companies in key areas such as corporate transparency, financial governance as well as board composition and accountability.
The awards dinner was held at the Ritz Carlton Hotel on July 17 and graced by guest-of-honour and President of Singapore Dr Tony Tan Keng Yam.
An integrated real estate fund manager in Asia, ARA stood out for its well-rounded Board of Directors, for its strong, independent element and broad range of commercial experience.
Most significantly, ARA has demonstrated a commitment to observing the substance and spirit of the Code of Corporate Governance.
ARA Group CEO, John Lim, commented, “As we seek to establish ourselves as a premier real estate fund manager in Asia, we trust that sustainable success is built upon a solid foundation of good corporate governance and ethical business practices.
"The ARA Board is proud to receive this top accolade in corporate governance and we will remain dedicated towards maintaining a high standard of corporate conduct and in safeguarding the interests of our investors and various stakeholders.”
The Singapore Corporate Awards is open to all companies listed on the Singapore Exchange, and the winners are selected following a nomination process and subsequent interviews with a judging panel comprising of eminent corporate leaders.
Last October, ARA’s focus on corporate governance was also recognised at the Investors’ Choice Awards 2011 where the Group was awarded the Inaugural Internal Audit Excellence Award (Merit, Overall Category).
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