Nominations open for the coveted Directors Of The Year Awards 2021Business | 16 Jun 2021 5:00 pm
As one of the most illustrious business award projects, the Directors Of The Year Awards continue to recognise outstanding industry leaders for the 21st year running. Nominations are now open for the 2021 awards.
Organized by The Hong Kong Institute of Directors (HKIoD), the Directors Of The Year Awards (DYA) project is aimed at recognising outstanding boards and directors, and promoting good corporate governance and director professionalism.
After more than 20 years of implementation, the Awards project has worked with over 100 project partners in annual collaboration and honoured 208 awardees, including directors and collective boards.
Themed on ‘Leading in New Normal’ this year, the Award promotes a positive attitude and mindset among directors in navigating the complex global environment in 2021. Outstanding directors and boards capable of dynamic steering in circumstances ever-changing, and leading their organisations towards sustainable development will be acknowledged.
Dr Christopher To, Chairman of HKIoD, said, “According to a global director survey co-organised by HKIoD, two-thirds of the company directors who responded said they have committed 50 percent or more time in leading their companies in recalibrating corporate focus and strategy in the Covid-19 crisis. And, among the respondents who gave high marks to themselves and their management teams, many credited prior scenario planning as a good foundation for responding effectively to the tests brought by the pandemic.”
“From their responses, it is clear that being prepared is the key to success of directors in their roles,” he added. “This year, we look forward to honouring directors who have worked hard and upheld a positive attitude in facing challenges and overcoming adversities.”
Mr Kenneth Wong, Chairman of 2021 Directors Awards Organising Committee, said “This is the 21st year of HKIoD organising Directors Of The Year Awards. Over the years, we have seen the economy going through ups and downs several rounds, and what we have learnt is that good corporate governance gives a company a solid foundation for defence or advance.”
“To lead a company, directors have to stay abreast of the times and the global trend of corporate governance requirements,” he emphasized. “This was confirmed by nominees and recipients of the Awards in the past years.”
Dr Carlye Tsui, CEO of HKIoD, said, “The pandemic has changed the way people live and work; in other words, we have a ‘new normal’ to cope with. For a company to run a sustainable business in the new setting, it needs to devise a new structural policy, and that is where directors come in.”
“Whatever industry or whichever layer of the supply chain a company is in, its leaders have to be able to grasp latest market developments so as to lead their companies to success, and also to gain the trust of investors and stakeholders,” she explained. “HKIoD offers training courses that relate latest information and knowledge to directors, equipping them for making smart decisions at crucial moments.”
The Awards now invite nominations from the public for the 2021 awards which are categorized into three company categories (Listed Companies, Non-listed Companies, and Statutory/Non-profit-distributing Organizations), and three director categories (Executive Directors, Non-executive Directors, and Boards).
This year, the Panel of Judges comprises leaders, professionals and regulators in Hong Kong. The judging panel will assess entries based on the strictest criteria.
Candidates of Individual Director Categories will be judged on their successful pursuit of strategic corporate business/non-profit functions; contribution to board effectiveness in strategic planning and monitoring of performance; implementation compliance; risk control and accountability measures; managing change and succession; and leadership and other attributes and qualities, including keen at continuing professional development, business ethics and other achievements.
As for the Collective Board Categories, the judging criteria include board composition, effectiveness in pursuing strategic corporate/non-profit functions, development and execution of strategic plans and monitoring of performance, implementing compliance, risk control and accountability measures, managing change and succession, development of the board, effectiveness of board committees, business ethics and other achievements.
Nomination for the Awards will close on 31 July 2021.
Directors Of The Year Awards