2008 Enterprise 50 Awards: Looking to the future
The annual Enterprise 50 Awards will take on a different hue this year with a change in emphasis in the qualifying criteria, and a new co-organiser.
Professional services firm, KPMG in Singapore, will be collaborating with The Business Times as co-organiser from this year. This new collaboration comes with a fresh approach which will see the adjudicators take a more holistic view, with the judging criteria placing greater emphasis on qualitative aspects, rather than historical financial records.
Participants are evaluated both on quantitative and qualitative criteria, with the former taking into consideration financial performance indicators such as operating profit before tax, turnover and profit growth, among others. Qualitative aspects include business model and innovations, management ideals and governance.
Other than the organisers, the Awards, now entering its fourteenth year, are also supported by International Enterprise Singapore, SPRING Singapore and the Infocomm Development Authority of Singapore, and sponsored by OCBC Bank.
Mr Danny Teoh, Managing Partner of KPMG, said: "KPMG is proud to be associated with the Enterprise 50 Awards. This award recognises the achievements and contributions of Singapore's high performing enterprises, and encourages them to play an even greater role in the global economy."
Benefits of Participation
Some of the benefits of being an Enterprise 50 award winner as cited by past recipients include enhancements in their business image, greater recognition by suppliers and customers, development of strategic business relationships, and a boost in staff morale.
A large number of past Enterprise 50 companies have used the ranking as a platform for public listing. To date more than 100 companies who have received the award have successfully listed themselves on the Singapore Stock Exchange.
According to Mr Alvin Tay, Editor of The Business Times: "The Business Times is privileged to welcome KPMG as the co-organiser of this year's Enterprise 50 Awards. We are excited to be collaborating with KPMG and together we will continue to identify Singapore's most promising enterprises and give them the recognition for their commitment and enterprising spirit. At the same time, I would like to thank Accenture for their past support of the E50 Award as coorganiser, and through it, the SME community in Singapore.''
Nominations close at 5.00pm on 15 July, 2008. The 2008 Enterprise 50 list will be published in November 2008. More information is included in the accompanying pack.
For further information please contact:
Jeremy Kong Executive, Marketing & Communications, KPMG in Singapore
Tel: +65 6507 1541 (direct)
Dawn Westerhout Director, Marketing & Communications, KPMG in Singapore
Tel: +65 6507 1538 (direct) / 8118 9920 (mobile)
Yeo Siew Chi Assistant Manager, Corporate Communications, Singapore Press Holdings Limited
Tel: +65 6319 1586 (direct) / 9749 5105 (mobile)