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News and Highlights

Goldman Sachs will not take companies public without board diversity

The policy would have a focus on women, although diversity in this context includes other traditionally underrepresented groups such as race and ethnicity. Goldman Sachs CEO David Solomon says, “From a governance perspective, diversity on boards is a very, very important issue… So we’re trying to find ways to encourage that.”

The goal was met after a robust campaign comprising efforts from institutional investors, pressure groups, and various stakeholders. There’s still more to be done. Nicola Wakefield Evans, chair of The 30% Club Australia, says “It’s important to remember that 30% is the floor, not the ceiling.”

“We are mindful not to strive for diversity as just another metric, but as an integral part of any successful global company. The combination of people with different genders, backgrounds, talents and experiences is far greater than the sum of its parts.” – Loh Boon Chye, CEO, SGX, Runner-Up for the SIAS Investors’ Choice Awards 2019 – Diversity

Investors are looking at gender diversity even in management ranks to evaluate their holdings. This is especially vital for those in the consumer industry to have executives that match their core customer profile.

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10 Mar 2020

Course (in Hong Kong)Financial Times Non-Executive Director Diploma Asia
by The Financial Times

From 6 Apr2020

Course (in France)SID-INSEAD International Directors Programme

From 14 Jun 2020

Course (in Singapore)SID-INSEAD International Directors Programme

From 17 Jun 2020

Course (in Singapore)SID-INSEAD International Directors Programme
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Interviews and Speeches

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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Peter T. Grauer

Chairman, Bloomberg LP

“Lack of (board) diversity can no longer be gotten away with by citing a lack of ‘supply’. We must recognize that it is clearly a matter of demand – and that precedent-setting demand must come from the very top of companies.”

Read Mr Grauer’s Keynote at DAC’s event here.

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Key Advice from Female First-Time Directors
Compiled by the Diversity Action Committee


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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)