Eligibility
To be eligible, a company must fullfil the following criteria:
- must be home-grown, privately-owned and 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).
- if an unlisted parent company participates, all subsidiaries will not be eligible.
- must not be listed* on any stock exchange.
- all subsidiaries of listed parent companies will not be eligible.
- if an unlisted parent company chooses not to participate, then all unlisted subsidiaries are eligible.
- must have at least 30 percent local (Singapore Citizen or Permanent Resident) equity content.
- must have audited financial records for three complete years' of operation as a private limited
company in Singapore as at 31 December 2007. - must have more than 50 percent of its gross turnover contributed by businesses other than franchisee operations for the preceding three years from 2005 to 2007.
- Partnerships and Government Linked Companies (GLCs) are not eligible for the Enterprise 50 list.
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 July 2008. 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 2008 Enterprise 50 list in November 2008.