United Resources at S1000 – Singapore Top 1000 SME Awards
Date: 26 February 2016
The Singapore 1000, Singapore SME 1000 and Singapore International 100 awards are annual corporate accolades based on the financial performance of Singapore incorporated companies and small & medium enterprises (SMEs). The Singapore 1000 recognition is annually conferred to deserving recipients who demonstrate exemplary financial performance in their field and among their peers. Awardees will also need to exhibit qualities which define them as outstanding corporate citizens.
United Resources is honoured to be awarded and participate in the awards dinner held at The East Ballroom, Resorts World Convention Centre.
The initial shortlist of award candidates is prequalified through their financial performance in the respective categories. Candidates must be profit-making over the ranked period. Corporations who experience gross negative growth will not be considered for an award. In addition to their financial achievement, this shortlist is then further judged on a set of criteria which demonstrates the company’s commendable corporate citizenry standards.
Apart from financial indicators such as Sales/Turnover, Net Profit After Tax and Return on Equity, regulatory compliance is a key evaluation criterion in the awards nomination process. Transparency and accountability are critical components of good corporate governance. The criterion for regulatory compliance takes reference from the rating of companies under the Accounting and Corporate Regulatory Authority’s (ACRA) colour coded compliance rating. The criterion encompasses three important statutory requirements under the Companies’ Act: the timely holding of the Annual General Meeting or AGM (section 175); laying of up-to-date financial statements at the AGM (section 201); and the timely filing of the Annual Returns (section 197). The corporate governance criterion adds an important dimension to the awards as good corporate governance ensures that the business environment is fair and transparent and leads to sustainable business performance.
United Resources would like to credit her success to the staff members and customers who made this possible. We look forward to continuing our efforts as a sustainable and responsible SME.