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News and Highlights

Launch of Board Appointment Guide for Charities

With charities consistently held to elevated levels of accountability, attention is increasingly shifted to the people who steward charities and are responsible for good governance – board directors. The Guide aims to help charities navigate succession and appointment of the right leaders for their future. It will be applicable to charities of all sizes. Watch the introductory video here.

The credit line for portfolio companies will tie the price of debt to whether the companies meet Carlyle’s previously set target of 30% diverse board directors within two years of ownership. Carlyle believes board diversity is good for business; research of their portfolio companies found that those with more diverse board directors had better annual earnings growth.

Starting this Annual General Meeting season, the fund will vote against appointments to the nomination committees of large and mid-cap companies in the U.S. and Europe that do not have at least two women on the board, unless they have a “very good explanation”.

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.

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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 12 Apr 2021
Course (online)International Directors Programme
29 Nov – 3 Dec2021
Course (in Singapore)Women on Boards: Succeeding as a Corporate Director
by Harvard Business School
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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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(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)