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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

More women on boards of the Top 100 SGX-listed companies, statutory boards, and Top 100 IPCs but further progress needed

Organisations could aim for at least two to three women on their boards as a start and include women on their nominating committees. Ms Euleen Goh, Chair of SATS Ltd, said “(Enhancing) All forms of board diversity, including gender diversity, is an important business imperative.”

The nominating and governance committees and board chairs will be voted against if their firms have no women on board or lack any successful engagement to commit to adding women board directors. Benjamin Colton, Global Co-Head of Asset Stewardship, notes “Many companies (have) females on boards. So those companies without are real laggards and outliers.”

Prominent chairmen of NPOs – Mr. Edmund Cheng, Ms. Anita Fam, Mr. Ho Kwon Ping, Mr. Lee Tzu Yang, and Mr. Chandra Mohan Rethnam – share their insights on the important traits that make an effective NPO board member, how diversity should feature in board composition, and how NPO chairs may go about reforming their boards for the better.

City Developments Limited, DBS, United Overseas Bank, Singtel, and the Singapore Exchange were featured in Bloomberg’s Gender Equality Index 2020, which tracks the financial performance of public companies that are committed to supporting gender equality through policy development, representation, and transparency.

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Events

From 13 May 2020
From 14 Jun 2020
Course (in Singapore)International Directors Programme
by SID-INSEAD
17 – 21 Aug2020
Course (in Singapore)International Company Directors Course
by AICD
From 15 Sep 2020
Course (in Hong Kong)Financial Times Non-Executive Director Diploma Asia
by The Financial Times
View all Events

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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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)