BoardRoom Delivers Corporate Services at One’s Fingertips

BoardRoom Delivers Corporate Services at One’s Fingertips

BoardRoom Delivers Corporate Services at One’s Fingertips

“We view technology as a complete ecosystem – one that needs to have integration at the core and allows us to operate with greater accuracy and efficiency internally, while at the same time providing a unique value proposition to clients.”

Our Group CEO, Kim Teo, talks about how BoardRoom comes from a position of strength in the B2B space through technological innovation and how a partnership model can bring flexibility to business direction.

Read the full article, BoardRoom Delivers Corporate Services at One’s Fingertips, on South China Morning Post website.

More companies offering live Q&A at AGMs, but many still reluctant to fully embrace tech features

Live Q&A at AGMs

More companies offering live Q&A at AGMs, but many still reluctant to fully embrace tech features

More companies offering live Q&A at AGMs, but many still reluctant to fully embrace tech features

Live Q&A has seen an increase in uptake this year, but there are still many companies that are reluctant to adopt the technology.

Our head of Share Registry Services (Singapore) & Employee Plan Services (Asia), Jason U, talks to the reasons why and some of the trends we’re seeing this peak meeting season.

Read the full articles; “More companies offering live Q&A at AGMs, but many still reluctant to fully embrace tech features” on The Business Times’ website.

Flexible work a key draw for talent

Flexible Work

Flexible work a key draw for talent

Flexible work a key draw for talent

Group CEO, Kim Teo, shares that “having quantifiable measurables that tie in with the goals of the company can encourage employees to be more creative and take better ownership of their time and work. This puts more focus on achieving a particular result rather than clocking a number of working hours.”

Whilst the government is allowing 75% of the workforce to be back in office, BoardRoom will continue to implement remote working for all employees, where possible, we believe this is the future and don’t intend to default to historic ways of working.

Do other businesses share this view? Is this a draw for talent in today’s environment? Read the full articles; “Flexible work a key draw for talent” on The Business Times’ website.

Boardroom sees opportunity in unicorns’ stock option plans

Employee Stock Ownership Plan

Boardroom sees opportunity in unicorns’ stock option plans

Boardroom sees opportunity in unicorns' stock option plans

“In Singapore, share plans fizzled out, but they are now coming back, because in an economic downturn, salaries are one of the large cash outflows of the company. Instead of paying salary increases or bonuses, they can give incentives by way of share plans.”

Shares our Group CEO, Kim Teo, in a recent interview he had with Business Times. Kim talks in-depth about his views on the market, the wide range of companies that can benefit from the adoption of Employee Stock Ownership Plans (ESOPs) and some core growth drivers for the BoardRoom business.

Read the full articles; “Boardroom sees opportunity in unicorns’ stock option plans” on The Business Times’ website.

BoardRoom Singapore takes home Team of the Year award in the Business Services category

Press Release_SBR_V1

BoardRoom Singapore takes home Team of the Year award in the Business Services category

BoardRoom Singapore takes home Team of the Year award in the Business Services category

This year has been a year like no other, yet amidst the challenging climate, BoardRoom Singapore, a leader in the corporate services space has thrived. Guiding their clients through this unprecedented year with solutions founded on innovation and technology.

The team demonstrated a level of resilience and collaboration that led to them achieving multiple milestones and securing the Team of the Year award in the Business Services category of the Singapore Business Review Management Excellence Awards 2020.

Read the full article; “BoardRoom Singapore takes home Team of the Year award in the Business Services category” on Singapore Business Review’s website.

Group CEO, Kim Teo, shares more about the future of BoardRoom and our success in this interview with Singapore Business Review.

Kim Teo Interview with BFM 89.9, The Breakfast Grill

Kim Teo Interview with BFM 89.9, The Breakfast Grill

Kim Teo Interview with BFM 89.9, The Breakfast Grill

Listen to our Group CEO, Kim Teo, in this open and honest interview with radio host Shou Ning from BFM 89.9 – The Business Station. They talk all things from the impact of technology on our industry to our recent merger of BoardRoom Malaysia with Symphony House companies.

Boardroom join forces with Symphony House, as the largest share registry and corporate services provider in Malaysia

Boardroom join forces with Symphony House, as the largest share registry and corporate services provider in Malaysia

  • Boardroom Limited has entered into a conditional share sale agreement with Symphony House Sdn Bhd on 13 July 2018 for the proposed acquisition of (i) Symphony Corporatehouse Sdn Bhd, and its subsidiary Sky Corporate Services Sdn Bhd, (ii) Symphony Share Registrars Sdn Bhd, and (iii) Malaysian Issuing House Sdn Bhd
  • Boardroom Limited, together with the Symphony House Subsidiaries, will command an industry-leading combined market share in the share registry, corporate secretarial, and outsourced corporate services sector in Malaysia, paving the way for more growth opportunities in the Asia-Pacific.
  • Upon completion, Symphony House Sdn Bhd will become the second largest shareholder in Boardroom Limited with a 7.63 per cent stake, and its Group Executive Director Dato’ Abdul Hamid Sheikh Mohamed will remain as a Group Executive Director of the Symphony House Subsidiaries.

 

SINGAPORE, 16 July 2018 – SGX Mainboard-listed Boardroom Limited (or “Boardroom”) a leading provider of corporate business solutions across Asia-Pacific, announced today that it has entered into a conditional share sale agreement with Symphony House Sdn Bhd (or “Symphony House”) on 13 July 2018 for the proposed acquisition of (i) Symphony Corporatehouse Sdn Bhd, and its subsidiary Sky Corporate Services Sdn Bhd, (ii) Symphony Share Registrars Sdn Bhd and (iii) Malaysian Issuing House Sdn Bhd (the “Symphony House Subsidiaries”) for a total consideration of RM164.14 million (approximately SGD55.64 million) (the “Aggregate Consideration”) from Symphony House Sdn Bhd (the “Proposed Acquisition”).

The Proposed Acquisition is subject to further approval from the relevant authorities as well as the fulfilment of the terms and conditions as set out in the share sale agreement. Approximately 75 per cent of the Aggregate Consideration will be paid in the form of the Cash Consideration while approximately 25 per cent of the Aggregate Consideration will be paid in the form of the Consideration Shares.

Further to the successful completion of the Proposed Acquisition, Symphony House Sdn Bhd will retain an interest in the business through its approximately 7.63 per cent stake in Boardroom Limited. Dato’ Abdul Hamid Sheikh Mohamed will remain as a Group Executive Director of the Symphony House Subsidiaries.

The Proposed Acquisition will provide both Boardroom and Symphony House with further opportunities for growth. By leveraging Boardroom’s well-established regional footprint, the merged entities will have the opportunity to substantially strengthen their position in Malaysia and business network across the Asia-Pacific.

Mr Goh Geok Khim, Non-Executive Chairman, Boardroom Limited, commented: “We are especially honoured to have the support of Tan Sri Mohamed Azman Yahaya and Dato’ Hamid. It is a true vote of confidence in Boardroom to have both highly-regarded industry leaders to join us in this strategic partnership. We have a shared vision to steer Symphony House into new areas of growth by way of expanding their geographical footprint across the region and enhancing our shared offerings through the combined capabilities and resources.” 

Mr. Kim Teo, Group Chief Executive Officer, Boardroom Limited, commented: “We are delighted to have the opportunity to combine the Malaysian corporate services operations of Boardroom and Symphony House.  This is a mutually beneficial partnership for two highly complementary and well-established businesses. With the combination of more resources and expertise, we will be able to provide a stronger service offering and deliver more value to our clients. We look forward to working together to meeting all our clients’ needs and facilitating our growth as a leading player in the share registry and corporate services industry in the Asia-Pacific.”

Dato’ Abdul Hamid Sheikh Mohamed, Group Executive Director, Symphony House, commented: “Boardroom provides an immediate entry point and springboard for Symphony House into the regional markets with its established network across the Asia-Pacific. It serves as an excellent platform for us to further expand our geographical reach beyond Malaysia. This transaction presents a win-win situation for both parties as we can leverage each other’s expertise and resources to enhance our service offerings for our clients.”

 

For media enquiries, please contact:

Kymberlie Chong
Boardroom Limited
kymberlie.chong@boardroomlimited.com

Boardroom to buy Malaysian peer Symphony, plans to sell additional services to new clients

Gearing up for a digital future

Gearing up for a digital future

Gearing up for a digital future

Gearing up for a digital future

In 2016 BoardRoom featured in an article written by and published in the Business Times in Singapore. In this article our Group CEO Kim Teo was interviewed on his thoughts on a digital future within the corporate and advisory services space. He touches on topics like Virtual AGMs, voting and proxy forms being submitted on-the-go via smartphones and the impact of digitalisation on business productivity.

Read the full article of “Gearing up for a digital future” by Business Times here.

Boardroom Expands Its Leading Digital Product Offering