31 August 2015

Singapore Institute of Directors to focus on innovation in 6th Directors' Conference

Source: SID brochure.
The crucial role that boards play in fostering innovation will take centre-stage at sixth annual Singapore Institute of Directors (SID) Directors’ Conference on September 16, 2015 at the Marina Bay Sands, Singapore. The annual Directors’ Conference has been a milestone event built around developing leadership capabilities for Singapore businesses. This year’s event is expected to attract over 800 participants.

Organised by SID, the conference will be officially opened by guest-of-honour, S Iswaran, Minister in Prime Minister’s Office; Second Minister for Home Affairs, and Second Minister for Trade and Industry.

Emeritus Professor Jean-Philippe Deschamps, International Institute for Management Development (IMD) Business School, from Lausanne, Switzerland, will deliver a keynote on innovation governance, focusing on how businesses have to restructure and mobilise in order to stay relevant and foster a culture of total innovation internally. Fredrik Haren, founder of interesting.org, will share how Singapore companies can be more innovative and creative, while Vinnie Lauria, Managing Partner of venture firm Golden Gate Ventures, will explain how companies can get on the innovation bandwagon.

“The crucial role of innovation as an engine of growth is recognised by most businesses. Yet, the subject of innovation is seldom on board agendas. At this conference of directors, we hope to help boards understand that innovation is part of their governance mission and how they can foster the adoption of innovation at all levels in their companies,” said Willie Cheng, SID Chairman.

Several chairmen of boards will share how their boards and companies govern and manage innovation in a panel moderated by Scott Anthony, Managing Partner of Innosight:

  • Ang Kong Hua, Chairman, Sembcorp Industries, an umbrella group that covers utilities, marine investments and urban development
  • Simon Israel, Non-executive and Non-independent Director, Singtel
  • Koh Soo Boon, founder and Managing Partner, iGlobe Partners, a global venture firm
  • Lim Ho Seng, Chairman, Baker Technology, a manufacturer and provider of specialised equipment and services for the oil and gas industry

Ten innovators will also share their thoughts in a round-up session moderated by Dwight Hutchins, Asia Pacific Managing Director, Strategy Consulting of Accenture:
  • Steve Leonard, Executive Deputy Chairman, Infocomm Development Authority of Singapore (IDA)
  • Peter Overy, MD, IDEO Singapore; IDEO is a global design firm
  • Dave Lim, TEDx Ambassador and co-founder, Innovation X by Coca-Cola
  • Esther An, Chief Sustainability Officer of property pioneer City Developments
  • Liak Teng Lit, Group CEO, Alexandra Health System, the healthcare cluster serving north Singapore
  • Douglas Foo, founder and Chairman, Sakae Holdings, an umbrella company for a number of quality dining brands
  • Rehito "Ray" Hatoyama, MD, Sanrio Company
  • Nobu Okada, CEO, Astroscale, a company that addresses the growing threat of space debris
  • Lee Poh Wah, CEO of the philantropic house Lien Foundation
  • Andreas Heinecke, founder and CEO, Dialogue Social Enterprise, a global social enterprise focusing on social inclusion of the disabled, disadvantaged and elderly

A major highlight of the conference is an Innovation Gallery where over 30 companies, startups and projects will be showcasing their innovative concepts, products and services, business models, and technologies. Some of the innovations on show include drones, smart cars, board portals, robots, 3D printers, Internet of Things solutions, cybersecurity technologies, and modular cities. 

“Singapore ranks eighth globally in Bloomberg’s index of innovative countries – proof enough that there is immense potential amidst the business community here – it just needs to be tapped further and nurtured at the boardroom level,” said Robert Chew, SID Council Member and Chairman of the SID Directors’ Conference 2015 Committee. 

“It is time to evaluate and rethink the way we do business. We are hopeful that this conference provides a much-needed platform to discuss and debate the concept of innovation and how it can be applied in more practical ways across industries here.”

Formed in 1998, SID is the national association of company directors in Singapore. It works closely with the authorities and regulators, and its network of members and professionals to uphold and enhance the highest standards of corporate governance and ethical conduct. The SID’s membership comprises mainly directors of commercial companies and non-profit organisations, as well as lawyers, accountants, academics and other professionals in the field of corporate governance.