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News and Highlights

Organisations are encouraged to diversify their boards or risk being less well regarded than competing investments in a global marketplace. Diverse boards are better equipped to navigate Covid-19 and ensure survival. It would be helpful for boards to examine and publicly articulate the value of each member and look beyond existing relationships when considering candidates.

Another US investor plans to vote against Japanese all-male boards

AllianceBernstein joins a growing number of investors pushing for greater board gender diversity. Starting 2021, the US asset manager will vote against director slates nominated by Japanese companies if there are no women candidates. 22% of Japanese companies in MSCI’s All Country World Index currently have all-male boards.

Spencer Stuart’s latest report showed that 59% of newly appointed independent directors went to women and minority men, pushing women’s representation on S&P 500 boards from 26% in 2019 to 28% in 2020. They believe that the institutional investor community who have started to hold boards accountable will keep the momentum going.

For a board to effectively complement management in developing and shaping strategy, it is imperative that it is composed of directors who have the requisite breadth of experience, and who are collectively able to bring their respective domain knowledge and expertise to bear.

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14 – 17 Mar 2021
Course (online)Preparing to Be a Corporate Director
by Harvard Business School
From 16 Mar 2021
Course (online)Non-Executive Director Diploma Asia
by The Financial Times
From 5 May2021
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Interviews and Speeches

Lim Hwee Hua, Board Director of United Overseas Bank, Jardine Cycle & Carriage, and Trustee of the International Valuation Standards Council

Lim Hwee Hua

Board Director of United Overseas Bank, Jardine Cycle & Carriage, and Trustee of the International Valuation Standards Council

Board Directors may consider applying ‘P-H-D’ (People, Hard decisions, Dynamism / Digitalisation / Diversity) in board deliberations in light of unprecedented disruption due to Covid-19.

Read more about the Digital Fireside Chat with Mrs Lim here.

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.

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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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Our Council

(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)