Eligibility
To be eligible, a company must fullfil the following criteria:
- Home-grown, privately-owned enterprise incorporated under Singapore's Companies Act (1994 Revised Edition)
- Can either be a parent company or a subsidiary as defined in Section 5 of the Companies Act
- At the time of application not listed* on any stock exchange
- Have at least 30 percent local equity owned by Singapore Citizens or Permanent Residents
- Have more than 50 percent of its gross turnover contributed by businesses other than franchisee operations for the three preceding years from 2006 to 2008
- Possess audited financial records for three complete years of operation as a private limited company in Singapore as at 31 December 2008
Other Criteria
- Partnerships and Government Linked Companies (GLCs) are not eligible for consideration in the E50 awards list.
- All subsidiaries of listed parent companies will not be eligible
- If an unlisted parent company participates, all subsidiaries will not be eligible
- If an unlisted parent company chooses not to participate, then all unlisted subsidiaries are eligible for consideration.
Participants are evaluated on quantitative and qualitative criteria, which take into consideration performance indicators such as operating profit before tax, turnover and profit growth. Qualitative aspects include business model and innovations, management ideals and governance.
* The organisers reserve the right to exclude nominations from companies who become public listed on or before 15 June 2009. All participating companies are requested to notify the organisers in the event that the company has successfully applied for a public listing and expects such a listing prior to the publication of the 2009 Enterprise 50 list in November 2009.