DAC has done a feasibility study before setting this target. It is achievable if every participant actually participates.
DAC’s target is ambitious but attainable. 20% by 2020, and if more build-up of momentum is needed, then we can do more over a longer haul to achieve 25% by 2025. We have also allowed for a less steep trajectory of 30% by 2030, but we expect that by 2030 the rest of the world will have raised the bar further, probably to 35 or 40%.
As at December 2018, women held 15.2% of board seats on Top 100 primary-listed companies on the SGX. If each all-male board and those with 1 woman director added a woman, the Top 100 primary-listed companies would achieve 20% women on boards.