FACTSHEET BUSINESS EXCELLENCE AWARDS TECHNICAL EXCELLENCE Objectives of the Award To recognise firms which stand out in its commitment to advancing the technical expertise of their firm and industry while adhering to a robust quality assurance and control programme Segments of the Award Large practice (practice with more than 100 staff) Small & medium practice (practice with 100 staff or less) Nomination Criteria Nominators can nominate other accounting firms or their own organisation for the award Any accounting firm registered in Singapore is eligible to be nominated Judging Criteria Criteria 1 Knowledge Management Has the practice maintained an up-to-date repository of technical material that is readily accessible to professional staff? 2 Quality Assurance & Control Has the practice employed sound methodologies when providing professional services? And was there a robust quality assurance and control programme that ensured compliance with standards and regulations whilst still providing high-quality services to clients? 3 Thought Leadership Has the practice contributed to advancing the knowledge-base and capabilities of the sector by sharing practice insights via platforms such as research publications, conferences, and representations on external committees? Judging Process Round 1: All nominees are assessed by an Awards Judging Working Committee and ranked based on the judging criteria. Shortlisted nominees will proceed to the second round of judging 1
Round 2: On-site interviews are conducted by the Awards Judging Working Committee to obtain more information and develop a better understanding of the organisation Shortlisted nominees will proceed to the final round of judging Final Round: Members of the Judging Panels will review the report produced by the Awards Judging Working Committee, and meets with the finalists Winners for the award is then decided by the Judging Panels Members of the Judging Panels Large practice segment o Mr Alan Nisbet (Director, Ascendas Pte Ltd) o Ms Chua Sock Koong (Group CEO, SingTel) o Mrs Fang Ai Lian (Independent Director, Banyan Tree Holdings Limited) o Ms Frances Cheang (Deputy Chairman, Certification Board, Singapore Business Advisors and Consultants Council) o Mr Gautam Banerjee (Senior Advisor & Chairman of Blackstone Singapore) o Prof Ho Yew Kee (Head, Department of Accounting, NUS Business School) o Mrs Lee Suet Fern (Senior Director, Stamford Law) o Mr Soh Yew Hock (Deputy Chairman, C.K. Tang Limited) Small & medium practice segment o Dr Ernest Kan (Chief of Operations (Clients & Markets), Deloitte Singapore) o Mr Frankie Chia (Managing Partner, BDO LLP) o Prof Gillian Yeo (Associate Dean, Nanyang Business School, NTU) o Mr Kaka Singh (Chairman and Senior Partner, RSM Chio Lim LLP) o Ms Kee Ai Nah (Group Director, Industry Development Group, SPRING Singapore) o Mr Kon Yin Tong (Managing Partner, Foo Kon Tan Grant Thornton LLP) o Mr Uantchern Loh (Chief Executive, Singapore Accountancy Commission) 2
FACTSHEET BUSINESS EXCELLENCE AWARDS EXCELLENCE IN PEOPLE DEVELOPMENT Objectives of the Award To recognise firms which stand out in its efforts in championing human capital development Segments of the Award Large practice (practice with more than 100 staff) Small & medium practice (practice with 100 staff or less) Nomination Criteria Nominators can nominate other accounting firms or their own organisation for the award Any accounting firm registered in Singapore is eligible to be nominated Judging Criteria Criteria 1 Continuous Training & Development Has the practice prioritised continuing professional education and ensured that professional staff have been continuously trained and developed? 2 Structured Curriculum Has the practice developed a structured training programme and has the programme demonstrated relevance to staff s job scope? 3 Outcomes & Effectiveness Has the practice s training programme been tracked for its effectiveness? 4 Employee Wellbeing and Career Opportunities Has the practice managed employee welfare and provided ample career development opportunities? Judging Process Round 1: All nominees are assessed by an Awards Judging Working Committee and ranked based on the judging criteria. Shortlisted nominees will proceed to the second round of judging Round 2: On-site interviews are conducted by the Awards Judging Working Committee to obtain more information and develop a better understanding of the organisation Shortlisted nominees will proceed to the final round of judging 3
Final Round: Members of the Judging Panels will review the report produced by the Awards Judging Working Committee, and meets with the finalists Winners for the award is then decided by the Judging Panels Members of the Judging Panels Large practice segment o Mr Alan Nisbet (Director, Ascendas Pte Ltd) o Ms Chua Sock Koong (Group CEO, SingTel) o Mrs Fang Ai Lian (Independent Director, Banyan Tree Holdings Limited) o Ms Frances Cheang (Deputy Chairman, Certification Board, Singapore Business Advisors and Consultants Council) o Mr Gautam Banerjee (Senior Advisor & Chairman of Blackstone Singapore) o Prof Ho Yew Kee (Head, Department of Accounting, NUS Business School) o Mrs Lee Suet Fern (Senior Director, Stamford Law) o Mr Soh Yew Hock (Deputy Chairman, C.K. Tang Limited) Small & medium practice segment o Dr Ernest Kan (Chief of Operations (Clients & Markets), Deloitte Singapore) o Mr Frankie Chia (Managing Partner, BDO LLP) o Prof Gillian Yeo (Associate Dean, Nanyang Business School, NTU) o Mr Kaka Singh (Chairman and Senior Partner, RSM Chio Lim LLP) o Ms Kee Ai Nah (Group Director, Industry Development Group, SPRING Singapore) o Mr Kon Yin Tong (Managing Partner, Foo Kon Tan Grant Thornton LLP) o Mr Uantchern Loh (Chief Executive, Singapore Accountancy Commission) 4
FACTSHEET BUSINESS EXCELLENCE AWARDS EXCELLENCE IN PRODUCTIVITY & INNOVATION Objectives of the Award To recognise firms which stand out in its efforts to boost productivity, develop innovative and unique solutions that enhance client service and leverage new business areas to enhance growth Segments of the Award Large practice (practice with more than 100 staff) Small & medium practice (practice with 100 staff or less) Nomination Criteria Nominators can nominate other accounting firms or their own organisation for the award Any accounting firm registered in Singapore is eligible to be nominated Judging Criteria Criteria 1 Productivity Has the practice embarked on any initiatives to improve overall productivity? 2 Innovation Has the practice adopted any innovative initiatives to enhance the quality of their services, or to provide unique services that distinguished it from competitors? 3 Value-Added Has the practice ventured into other business areas and offered new higher valueadded services? Judging Process Round 1: All nominees are assessed by an Awards Judging Working Committee and ranked based on the judging criteria. Shortlisted nominees will proceed to the second round of judging Round 2: On-site interviews are conducted by the Awards Judging Working Committee to obtain more information and develop a better understanding of the organisation Shortlisted nominees will proceed to the final round of judging Final Round: Members of the Judging Panels will review the report produced by the Awards Judging Working Committee, and meets with the finalists 5
Winners for the award is then decided by the Judging Panels Members of the Judging Panels Large practice segment o Mr Alan Nisbet (Director, Ascendas Pte Ltd) o Ms Chua Sock Koong (Group CEO, SingTel) o Mrs Fang Ai Lian (Independent Director, Banyan Tree Holdings Limited) o Ms Frances Cheang (Deputy Chairman, Certification Board, Singapore Business Advisors and Consultants Council) o Mr Gautam Banerjee (Senior Advisor & Chairman of Blackstone Singapore) o Prof Ho Yew Kee (Head, Department of Accounting, NUS Business School) o Mrs Lee Suet Fern (Senior Director, Stamford Law) o Mr Soh Yew Hock (Deputy Chairman, C.K. Tang Limited) Small & medium practice segment o Dr Ernest Kan (Chief of Operations (Clients & Markets), Deloitte Singapore) o Mr Frankie Chia (Managing Partner, BDO LLP) o Prof Gillian Yeo (Associate Dean, Nanyang Business School, NTU) o Mr Kaka Singh (Chairman and Senior Partner, RSM Chio Lim LLP) o Ms Kee Ai Nah (Group Director, Industry Development Group, SPRING Singapore) o Mr Kon Yin Tong (Managing Partner, Foo Kon Tan Grant Thornton LLP) o Mr Uantchern Loh (Chief Executive, Singapore Accountancy Commission) 6
FACTSHEET BUSINESS EXCELLENCE AWARDS PRACTICE OF THE YEAR Objectives of the Award To recognise well-rounded firms which stand out in all of the following areas: o Technical capabilities; o People development; o Productivity & Innovation; o Client service, growth, and corporate social responsibility. Segments of the Award Large practice (practice with more than 100 staff) Small & medium practice (practice with 100 staff or less) Nomination Criteria Nominators can nominate other firms or their own organisation for the award Nominees for Practice of the Year will automatically be entered into the other Business Excellence Awards: Technical Excellence, Excellence in People Development, and Excellence in Productivity & Innovation Any accounting firm registered in Singapore is eligible to be nominated Judging Criteria Criteria 1 Technical Excellence Knowledge Management Has the practice maintained an up-to-date repository of technical material that is readily accessible to professional staff? Quality Assurance & Control Has the practice employed sound methodologies when providing professional services? And was there a robust quality assurance and control programme that ensured compliance with standards and regulations whilst still providing high-quality services to clients? Thought Leadership Has the practice contributed to advancing the knowledge-base and capabilities of the sector by sharing practice insights via platforms such as research publications, conferences, and representations on external committees? 2 Excellence in People Development Continuous Training & Development Has the practice prioritised continuing professional education and ensured that 7
professional staff have been continuously trained and developed? Structured Curriculum Has the practice developed a structured training programme and has the programme demonstrated relevance to staff s job scope? Outcomes & Effectiveness Has the practice s training programme been tracked for its effectiveness? Employee Wellbeing and Career Opportunities Has the practice managed employee welfare and provided ample career development opportunities? 3 Excellence in Productivity & Innovation Productivity Has the practice embarked on any initiatives to improve overall productivity? Innovation Has the practice adopted any innovative initiatives to enhance the quality of their services, or to provide unique services that distinguished it from competitors? Value-Added Has the practice ventured into other business areas and offered new higher valueadded services? 4 Client Service Has the practice exhibited professionalism, maintained high client service standards, and exceeded client expectations? 5 Financial Performance Has the practice shown an improvement to its financial position and growth in client base? 6 Corporate Social Responsibility Has the practice been involved in the community and gave back to society, and at the same time, displayed environmental responsibility? Judging Process Round 1: All nominees are assessed by an Awards Judging Working Committee and ranked based on the judging criteria. Shortlisted nominees will proceed to the second round of judging Round 2: On-site interviews are conducted by the Awards Judging Working Committee to obtain more information and develop a better understanding of the organisation Shortlisted nominees will proceed to the final round of judging 8
Final Round: Members of the Judging Panels will review the report produced by the Awards Judging Working Committee, and meets with the finalists Winners for the award is then decided by the Judging Panels Members of the Judging Panels Large practice segment o Mr Alan Nisbet (Director, Ascendas Pte Ltd) o Ms Chua Sock Koong (Group CEO, SingTel) o Mrs Fang Ai Lian (Independent Director, Banyan Tree Holdings Limited) o Ms Frances Cheang (Deputy Chairman, Certification Board, Singapore Business Advisors and Consultants Council) o Mr Gautam Banerjee (Senior Advisor & Chairman of Blackstone Singapore) o Prof Ho Yew Kee (Head, Department of Accounting, NUS Business School) o Mrs Lee Suet Fern (Senior Director, Stamford Law) o Mr Soh Yew Hock (Deputy Chairman, C.K. Tang Limited) Small & medium practice segment o Dr Ernest Kan (Chief of Operations (Clients & Markets), Deloitte Singapore) o Mr Frankie Chia (Managing Partner, BDO LLP) o Prof Gillian Yeo (Associate Dean, Nanyang Business School, NTU) o Mr Kaka Singh (Chairman and Senior Partner, RSM Chio Lim LLP) o Ms Kee Ai Nah (Group Director, Industry Development Group, SPRING Singapore) o Mr Kon Yin Tong (Managing Partner, Foo Kon Tan Grant Thornton LLP) o Mr Uantchern Loh (Chief Executive, Singapore Accountancy Commission) 9
FACTSHEET INDIVIDUAL EXCELLENCE AWARDS YOUNG ACCOUNTANT OF THE YEAR Objectives of the Award To recognise individuals who stand out for their professional qualities, depth of knowledge, and contributions to the organisation, profession and wider community Segments of the Award Accountants in Public Practice Professional Accountants in Business Nomination Criteria Nominees should be below the age of 35 with 10 years or less of accounting / audit experience Nominators can nominate individuals from other organisations, their colleagues, or themselves for the award Any individual in the accounting profession, and employed in an organisation registered in Singapore is eligible to be nominated Judging Criteria Criteria 1 Professional Qualities Has the individual exhibited professionalism and maintained high client service performance standards? Did the individual also possess dedication, initiative, commitment, enthusiasm and displayed good teamwork? 2 Knowledge and Experience Has the individual exhibited sound understanding of all matters relating to his / her areas of expertise? 3 Achievements Has the individual added value to the firm(s) / organisation(s) and made significant contributions to the industry and wider community? Judging Process Round 1: All nominees are assessed by an Awards Judging Working Committee and ranked based on the judging criteria. Shortlisted nominees will proceed for the final round of judging 10
Final Round: Members of the Judging Panels will review the report produced by the Awards Judging Working Committee, and meets with the finalists Winners for the award are then decided by the Judging Panels Members of the Judging Panels Public practice segment o Dr Chew Kia Ngee (Independent Non-Executive Director and Chairman, AusGroup Limited) o Mr Kenneth Yap (Chief Executive, Accounting and Corporate Regulatory Authority) o Mr Kevin Kwok Khien (Non-Executive and Independent Director, Singapore Exchange) o Mr Loh Hoon Sun (Managing Director, Phillip Securities Pte Ltd) o Mr Mark Billington (Regional Director, South East Asia, ICAEW) o Prof Pang Yang Hoong (Dean, School of Accountancy, SMU) o Prof Sum Yee Loong (Professor of Accounting (Practice), School of Accountancy, SMU) Professional accountants in business segment o Mr Axron Lim (COO / Executive Director, Advanced Holdings Ltd) o Prof Chan Yoke Kai (Head, Accountancy Programme, School of Business, UniSIM) o Mrs Eng-Tay Geok Lee (Deputy Commissioner, Business Group, Inland Revenue Authority of Singapore) o Mr Ho Tuck Chuen (Group CFO, JTC Corporation) o Mr Low Weng Keong (Global Chairman and President CPA Australia 2010/2011 and Councillor, Singapore Division) o Mrs Lynda Goh (Deputy Group CEO & Group CFO, CWT Limited) o Mr Wilson Woo (President, ACCA Singapore) 11
FACTSHEET INDIVIDUAL EXCELLENCE AWARDS ACCOUNTANT OF THE YEAR Objectives of the Award To recognise individuals who stand out for their professional qualities, depth of knowledge, and contributions to the organisation, profession and wider community Segments of the Award Accountants in Public Practice; Professional Accountants in Business Nomination Criteria Nominees should have more than 10 years of accounting / audit experience Nominators can nominate individuals from other organisations, their colleagues, or themselves for the award Any individual in the accounting profession, and employed in an organisation registered in Singapore is eligible to be nominated Judging Criteria Criteria 1 Professional Qualities Has the individual exhibited professionalism and maintained high client service performance standards? Did the individual also possess dedication, initiative, commitment, enthusiasm and displayed strong leadership? 2 Knowledge and Experience Has the individual exhibited sound understanding of all matters relating to his / her areas of expertise? 3 Achievements Has the individual added value to the firm(s) / organisation(s) and made significant contributions to the industry and wider community? 12
Judging Process Round 1: All nominees are assessed by an Awards Judging Working Committee and ranked based on the judging criteria. Shortlisted nominees will proceed to the final round of judging Final Round: Members of the Judging Panels will review the report produced by the Awards Judging Working Committee Winners for the award are then decided by the Judging Panels Members of the Judging Panels Public practice segment o Dr Chew Kia Ngee (Independent Non-Executive Director and Chairman, AusGroup Limited) o Mr Kenneth Yap (Chief Executive, Accounting and Corporate Regulatory Authority) o Mr Kevin Kwok Khien (Non-Executive and Independent Director, Singapore Exchange) o Mr Loh Hoon Sun (Managing Director, Phillip Securities Pte Ltd) o Mr Mark Billington (Regional Director, South East Asia, ICAEW) o Prof Pang Yang Hoong (Dean, School of Accountancy, SMU) o Prof Sum Yee Loong (Professor of Accounting (Practice), School of Accountancy, SMU) Professional accountants in business segment o Mr Axron Lim (COO / Executive Director, Advanced Holdings Ltd) o Prof Chan Yoke Kai (Head, Accountancy Programme, School of Business, UniSIM) o Mrs Eng-Tay Geok Lee (Deputy Commissioner, Business Group, Inland Revenue Authority of Singapore) o Mr Ho Tuck Chuen (Group CFO, JTC Corporation) o Mr Low Weng Keong (Global Chairman and President CPA Australia 2010/2011 and Councillor, Singapore Division) o Mrs Lynda Goh (Deputy Group CEO & Group CFO, CWT Limited) o Mr Wilson Woo (President, ACCA Singapore) 13