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News and Highlights

Board Diversity in Singapore Charities seen to impact giving : Survey

A survey of 1000 respondents found that the majority recognise the importance of board diversity and believe that more diverse boards lead to better decision-making. Although giving is largely driven by a charity’s cause, good board diversity improves its public perception and can lead to increased giving. Click here for infographic.

The recent GE2020 has led to an increase in women’s representation in parliament from about 24% in 2015 to 29%. Yet, women’s representation on the boards of the Top 100 primary-listed companies on SGX is a little more than half that figure. The author suggested that there is no shortage of women in business but social and structural obstacles to their advancement remain.

AXA Investment Management will vote against companies in Japan and emerging markets, where the board does not include at least one female director (or 10% of the board for larger boards) this year. From 2021, it will vote against companies in developed markets where women do not make up at least a third of the board.

The study found an increase of 10 percentage points or more in women on boards of ASX-listed companies leads to 4.9% increase in company market value. Results were based on econometric techniques and took into account other firm characteristics that influence business performance.

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From 27 Aug 2020
From 15 Sep 2020
Course (in Hong Kong)Financial Times Non-Executive Director Diploma Asia
by The Financial Times
2 – 6 Nov2020
Course (in Singapore)International Company Directors Course
From 8 Dec 2020
Course (in France)International Directors Programme
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Interviews and Speeches

Sherman Kwek, CDL CEO

Sherman Kwek

CEO, City Developments Limited

“The ‘4Cs’ common to successful board directors are: Courageous, Curious, Comprehensive, and Calm”

Read more about what Mr Kwek shared at his Fireside Chat with CBD here.

Mildred Tan

Co-Chair, Council for Board Diversity

“Board Chairs and Chairmen of Nominating Committees should be more open towards looking for a wider pool of people and make a meaningful effort towards looking for a more diverse board.”

Watch Co-Chair Mrs Mildred Tan’s Interview with Singapore Tonight here.

Chua Sock Koong, Singtel Group CEO

Chua Sock Koong

Group CEO, Singtel

“I’m often asked how I’ve managed to make it this far as a woman. I’m sure if I were a man, I wouldn’t be asked this question to begin with.”

Read Ms Chua’s speech at FutureBoards Cross-Border Dialogue here.

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President Halimah Yacob

“Organisations that turn thought into action sooner rather than later, by casting the net wide to look for the best and most diverse talents and experience to serve on their boards, will position their organisations well.”

Read President’s Speech announcing the formation of the Council for Board Diversity here.

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Tips for Aspiring Board Directors
Compiled by the Council for Board Diversity


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(L-R) Front: Loh Boon Chye, Minister Desmond Lee, President Halimah Yacob, A/P Muhammad Faishal Ibrahim, Mildred Tan
Middle: Rachel Eng, Goh Swee Chen, Simon Israel, SS Teo, Kay Kuok, Janet Ang, Suhaimi Zainul-Abidin
Top : Ong Chong Tee, Ong Toon Hui, Chan Wai Ching, Tham Sai Choy, Dr June Goh, Dr Lee Tung Jean, Junie Foo
(Not in photo: Edmund Cheng, Piyush Gupta, Sherman Kwek, Mary Liew)