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18.0%

Top 100 Primary-listed Companies

Individual companies’ %WOB

28.8%

Statutory Boards

Individual statutory boards’ %WOB

28.1%

Top 100 Institutions of a Public Character

Individual IPCs’ %WOB

News and Highlights

Call for more rigorous requirements to enhance firms’ board diversity

The author suggests requiring firms to implement and fully disclose comprehensive board competencies and diversity matrices, explain how competencies and diversity of existing and proposed directors align with these matrices, and disclose the process in searching for directors. If no external searches are done, companies should have to explain why.

The largest companies appointed a record number of first-time directors, most are men. Mr Loh Boon Chye, CBD Co-Chair and SGX CEO, said if organisations look beyond the typical director profile and seek candidates from a wider pool, “they would certainly be able to find women with new insights and experience that could add value to their board.”

Having a diverse board can contribute to future-proofing a company. CBD Co-Chair Mildred Tan supports the changes proposed in SGX RegCo’s public consultation, such as including a board gender diversity policy in the listing rules. This allows companies to communicate to stakeholders the benefits of board diversity and move beyond approaching it as a box-checking exercise.

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Events

From 14 Oct2021
29 Nov – 3 Dec 2021
Course (in US)Women on Boards: Succeeding as a Corporate Director
by Harvard Business School
From 6 Dec2021
Course (online)International Directors Programme
by INSEAD
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Interviews and Speeches

Gerard Ee

Chairman, Charity Council

“If (IPCs) are dealing with works involving the family, then certainly it is a great benefit to them to have women directors on board to present the views of the women and what they face at home or in the family.” See coverage by CNA Singapore Tonight on women’s participation on boards as at Jun 2021 here.

Mildred Tan

Co-Chair, Council for Board Diversity; Chairman, Tote Board Singapore and Singapore University of Social Sciences Board of Trustees

“Done right, a strong board diversity policy, including gender, is a key element of future proofing a company.” Read Mrs Tan’s Op-Ed ‘Board diversity vital for long-term success’ here.

Tan Ching Yee

Permanent Secretary, Ministry of Finance and Prime Minister’s Office (Special Duties); Chair, ACRA and IRAS

Managing duality becomes an imperative in crises. Boards need to balance between supporting and pushing management to confront the difficult questions. Read key takeaways from the Leadership-in-Action Conversation with Mrs Tan here.

Ong Chong Tee

Deputy Chair, Board of Accounting and Corporate Regulatory Authority

To weather crises like Covid-19, boards can look at improving the organisation’s operational resilience, business resilience, and human capital resilience. Read the highlights from the Leadership-in-Action Conversation with Mr Ong here.

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Resources

Pointers for Aspiring Board Directors
Compiled by the Council for Board Diversity

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    from the Council for Board Diversity

    Our Council

    (L-R) Top: Loh Boon Chye, Mildred Tan, Janet Ang, Chan Wai Ching, Gerard Ee, Rachel Eng, Junie Foo
    Middle: Euleen Goh, Goh Swee Chen, Piyush Gupta, Kay Kuok, Lee Tung Jean, Lim Hock Yu, Lim Jit Poh
    Bottom: Jonathan Ng, Ong Chong Tee, Ong Toon Hui, Tham Sai Choy, Robert Yap, Yeo Wan Ling, Suhaimi Zainul-Abidin