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16.2%

Top 100 Primary-listed Companies

25.1%

Statutory Boards

27.8%

Top 100 Institutions of a Public Character (IPCs)

News and Highlights

Legal & General Investment Management will vote against TOPIX Mid 400 companies which do not have at least one woman on their board. This is an expansion of their policy from 2020, which only applied to TOPIX 100 companies with all-male boards. The move joins other global investors such as AllianceBernstein to pressure Japanese companies to increase diversity.

The new Council will continue to play an instrumental role in advancing board diversity among listed companies, statutory boards, and Institutions of a Public Character in Singapore. It comprises 21 members with a strong and varied slate of expertise across the private, public, and people sectors. CBD’s second term runs from 2021 to 2022.

CBD Co-Chairs Loh Boon Chye and Mildred Tan wrote an article calling upon organisations to capitalise on the benefits of having diverse perspectives and experiences on the board. It also pointed to global trends that support the need for greater board diversity and spur companies to think deeper about leadership capabilities needed for continued success. Read more here.

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.

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Events

From 12 Apr 2021
Course (online)International Directors Programme
by INSEAD
From 14 Sep2021
Course (in Hong Kong)Non-Executive Director Diploma Asia
by The Financial Times
29 Sep – 2 Oct2021
Course (online)Preparing to Be a Corporate Director
by Harvard Business School
29 Nov – 3 Dec2021
Course (in Singapore)Women on Boards: Succeeding as a Corporate Director
by Harvard Business School
View all Events

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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Resources

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)