1. There shall be established two annual IKM Awards, one for each of the following:
   • Tan Sri Datuk Amar Stephen K T Yong Award for distinctive contribution to development in certain industrial sectors in Malaysia
   • Tan Sri Dato’ Sri Law Hieng Ding Award for distinctive contribution to chemical education and/or public understanding of chemistry in Malaysia
2. These two Awards are to be given to two members of the Institute, who, according to the Institute, have fulfilled the above criteria for the Awards.
3. Each recipient of the Award shall receive a certificate and a cash prize of RM 1,000.

Nomination

1. The Council shall invite nominations for the Awards from members of the Institute no later than 31 May each year.
2. Each member can only nominate up to a maximum of two nominees, one for each Award.
3. All nominations must be seconded by another member of the Institute and shall be accompanied by a supporting statement, and the biography and a recent photograph (passport size) of the nominee. The nominee shall include in his/her biography, his/her achievements, contributions to certain industrial sectors in Malaysia or contributions to chemistry education and/or public understanding of chemistry (where applicable).
4. Nominations must be made on the "IKM AWARDS" Nomination Form obtainable from the Institute or its website.
5. Nominations are only valid with the consent of the nominees.
6. All nominations must reach the IKM Secretariat latest by 5.00 p.m. on 15 July each year.

Assessment

1. Upon receiving the nomination(s), the Council shall establish a Panel of Assessors, no later than 31 August.
2. The Panel of Assessors shall comprise the President and six eminent members of the Institute. The President shall be the chairperson of the Panel. The Panel shall convene a meeting with at least five assessors present.
3. In the event that the President is unable to be the Chairperson of the Panel, the Vice President, or the Registrar, or a Council Member appointed by the Council, will act as the Chairperson.
4. The Honorary Secretary of the Institute shall be the Secretary of the Panel but with no voting right.
5. In the event that the Honorary Secretary is a nominee, or a proposer or seconder of nomination, then the Honorary Assistant Secretary shall be the Secretary of the Panel.
6. Nominees and persons who propose and second nominations cannot be appointed as assessors.
7. The Panel shall assess the nominees and make specific clear-cut recommendations to the Council for the award of the Awards no later than 30 September.
8. The decision of the Panel shall be by simple majority. In the event that there is a tie, the Chairperson shall have an additional casting vote.
9. If, in the opinion of the Panel, there is no suitable candidate for the Award, no award shall be made that year.

Endorsement by the Council

1. The Council, upon receiving recommendations from the Panel of Assessors, shall endorse or reject these recommendations.
2. Rejection of recommendation shall be by two-third majority of Council members present at the Council Meeting.
3. There shall not be shared award in either of the Awards.
4. No person shall receive the award more than once.
5. The decision of the Council shall be final.

Presentation of the Award

1. The Award shall be presented to the recipients at the annual Malam Kimia or at any other function decided by the Council.
2. The Institute shall not pay for the expenses incurred by the recipients in attending the function to receive the Award.

Amendments to the Rules

1. These Rules of the Awards can be amended at a Council Meeting.