Speaking at the Investors’ Choice Awards 2022 presentation ceremony on Oct 7, Gerald says there is “no better example” of the importance of corporate governance. According to Gerald, SIAS is looking to construct a model portfolio — “or even an index” — comprising SCGA winners in the coming months.
Local leaders in corporate governance outperformed the broader Straits Times Index (STI) since 2008, proving the value and importance of transparency, says David Gerald, founder, president and CEO of the Securities Investors Association (Singapore).
SIAS constructed a portfolio featuring winners of SIAS’s Singapore Corporate Governance Award (SCGA) and tracked its performance from Jan 10, 2008 to Sept 28, 2022. Using market capitalisation as portfolio weights and adjusting for corporate actions, the SIAS SCGA portfolio produced a cumulative total return of 110%, beating the STI’s 59%.
