27 May 2021, Thursday

During crises such as the current pandemic, leaders have to manage certain dilemmas, anticipate structural changes, and ensure their organisations are pivoted for growth.

The Council for Board Diversity organised a digital conversation with:

  • Mrs Tan Ching Yee (Permanent Secretary, Ministry of Finance and Prime Minister’s Office (Special Duties) and Chair, Accounting and Corporate Regulatory Authority and Inland Revenue Authority of Singapore),
  • Ms Diaan-Yi Lin (Senior Partner and Asia Co-leader for the Social, Healthcare and Public Entities, McKinsey & Company and Board Member, Viva Foundation), and
  • Mr Jonathan Ng (Executive Director, Far East Organisation and Non-Executive Director of Yeo Hiap Seng Ltd)

The discussion was moderated by Ms Janet Ang, Independent Director of Singapore Press Holdings Limited and Chairman of NUS Institute of Systems Science, SISTIC, and Singapore Polytechnic.

16 September 2020, Wednesday

Ms Janet Ang, Member of Council for Board Diversity, Independent Director of SPH Limited and Chair of NUS Institute of Systems Science, joined 4 other guests for a panel discussion on the topic of board diversity.

She shared her views on the need for companies to look at diversity across various dimensions that aligns with their strategy and relevant to their business, and highlighted that companies lacking in gender diversity may be perceived as not being serious about diversity in all aspects, given that gender is an important and the most visible form of diversity widely tracked by institutional investors.

She also encouraged Chairpersons to consciously cultivate the right board dynamics and culture that enable them to harness the benefits of having diverse views by encouraging constructive dissent.

5 August 2020, Wednesday

Key takeaways include how to navigate a “Co-Covid” world, the importance of cognitive diversity, ensuring inter-temporal consistencies as well as the need for boards to focus on strategy to build resilience, enhance risk management and stakeholder engagement.

Mr Ong Chong Tee, Deputy Managing Director of Monetary Authority of Singapore (MAS) and a member of the Council for Board Diversity (CBD), spoke at a Digital Leadership-in-Action Conversation organized by CBD on 5 August 2020. The discussion was led by Ms Janet Ang, Independent Director of Singapore Press Holdings Limited and Chairman of NUS Institute of Systems Science.

16 June 2020, Tuesday

Some key takeaways include how boards should be considering the ‘3S’ (Survival, Singular focus on profit is no longer a business model for long-term survival, Societal license to operate) in the wake of Covid-19 and the 3 underlying imperatives for companies’ long term survival (Agility, Beliefs, Connectivity).

A Digital Leadership-in-Action Conversation was organised with Euleen Goh, Chair of SATS Ltd, non-executive director of DBS Group Holdings Ltd and DBS Bank Ltd, deputy Chair and Senior Independent Director of Royal Dutch Shell plc, and non-executive board member of Singapore Health Services Pte Ltd. The discussion was moderated by Janet Ang, Independent Director of Singapore Press Holdings Limited and Chairman of NUS Institute of Systems Science.

29 May 2020, Friday

Our key takeaways include how board directors may apply ‘P-H-D’ (People, Hard decisions, Dynamism) at the board level as well as some advice for aspiring women directors.

The Council for Board Diversity organised a Digital Leadership-in-Action Conversation with Lim Hwee Hua, board director of United Overseas Bank, Jardine Cycle & Carriage, and Trustee of the International Valuation Standards Council. She was previously Minister in the Prime Minister’s Office and Second Minister for Finance and Transport. The discussion was led by Janet Ang, Independent Director of Singapore Press Holdings Limited and Chairman of NUS Institute of Systems Science.

10 January 2020, Friday

The Council for Board Diversity jointly organised an event with LinkedIn Singapore. It comprised a fireside chat with Sherman Kwek, Group CEO, City Developments Limited and was moderated by Janet Ang, Former Vice-President, Industry Solutions and Smarter Cities, IBM Asia-Pacific on “Traits of a Successful Board Director  – a CEO’s perspective”. Sherman shared about the ‘4Cs’ common to successful board directors: Courageous, Curious, Comprehensive, and Calm.

29 August 2019, Thursday

Mrs Mildred Tan, Co-Chair of the Council for Board Diversity (CBD) and Chairperson of the National Volunteer and Philanthropy Centre, delivered the keynote address on ‘Gender Diversity in a Corporate Setting’ at a closed-door event for senior and managing law firm partners from the region. She highlighted Singapore’s global standing with regard to women’s representation on boards, emphasised the importance and relevance of board gender diversity, and put forth recommendations for how to turn backroom discussions into boardroom actions.

16 January 2019, Wednesday

President Halimah Yacob announced the formation of the new Council for Board Diversity today, after hosting her first engagement session with the newly formed Council for Board Diversity, as its Patron.

The Council will be co-chaired by Mr Loh Boon Chye, CEO of Singapore Exchange, and Mrs Mildred Tan, Chairperson of the National Volunteer and Philanthropy Centre. The 20-member Council will take over from the Diversity Action Committee, with an expanded scope to also look into the female representation on the boards of organisations in the people sector and public sector.

13 November 2018, Tuesday

Distinguished speakers

shared their views on how good stewardship would help companies strengthen their capacity to deal with the opportunities and risks arising from disruptive changes in the value chain, climate change, social licence to operate, staffing for new business conditions.

19 September 2018, Wednesday

More than 30 board chairmen representing 40 of the largest SGX-listed companies joined the Diversity Action Committee (DAC) for a breakfast conversation with

  • Peter T. Grauer (Chairman, Bloomberg)
  • Peter Seah (Chairman, DBS Group and Singapore Airlines)
  • S.S. Teo (Executive Chairman and Managing Director, Pacific International Lines)
  • Janet Ang (Vice President, Industry Solutions and Smarter Cities, IBM Asia Pacific)

Sponsored by DBS, the event discussed board resilience and diversity, and how companies can navigate disruptive changes in technology, markets and supply chains.

19 September 2018, Wednesday

As part of SGX’s Technology Symposium, Ms Yeo Lian Sim, Special Adviser Diversity of SGX, Vice-Chair of the Task Force on Climate-Related Disclosures (TCFD) and a member of the Diversity Action Committee, shared her views on the role of diversity in a time of innovation and what companies can do.

31 July 2018, Tuesday

The Diversity Action Committee (DAC), Bloomberg and Deloitte came together for the first time to organise a leadership networking and workshop session for highly successful women who are either board directors or women with corporate board potential.

The session included

  • Keynote address by Mr Teo Siong Seng, (S.S. Teo), Member of DAC, Chairman of Singapore Business Federation and Executive Chairman & Managing Director of Pacific International Lines,
  • Conversation with Bloomberg TV correspondent Ms Haslinda Amin hosted by Margie Warrell, bestselling author and women’s leadership advocate
  • ‘SheSuite’ executive presence workshop by Margie Warrell

19 June 2018, Tuesday

Bloomberg and Diversity Action Committee (DAC) jointly organised a Dialogue with Female First-Time Directors to exchange ideas on raising women’s representation on corporate boards in Singapore and actions that aspiring female board directors should take. The dialogue was led by:

  • Ms Goh Swee Chen, Chairman, Shell Companies in Singapore and Independent Director, CapitaLand Limited
  • Mr Sherman Kwek, CEO of City Developments Limited

29 June 2018, Friday

The Diversity Action Committee (DAC) organised a seminar, with NUS Business School’s Centre for Governance, Institutions & Organisations (CGIO) as knowledge partner to present findings of a direct and positive link between women independent directors and business performance, using econometric techniques.

Mr Simon Israel, Board Chairman of Singtel and SingPost made the keynote address. The panel discussion was chaired by Mr Tham Sai Choy, First Vice-Chairman of Singapore Institute of Directors (SID) with

  • Piyush Gupta, CEO, DBS Group
  • Min Lan Tan, APAC Head of Chief Investment Office, UBS Global Wealth Management
  • Diaan-Yi Lin, Senior Partner, Singapore, McKinsey & Company
  • Associate Professor Lawrence LOH, Director, Centre for Governance, Institutions and Organisations.

24 May 2018, Thursday

As part of Deloitte’s 2nd Board-Ready Women Programme, Ms Malini Vaidya, Partner and Region Manager Asia Pacific, Spencer Stuart and member of Diversity Action Committee (DAC) spoke on a panel to discuss what board work entails and the steps involved in getting a suitable non-executive directorship for the first time.

Other panel speakers were

  • Lisa Liaw, Director – Financial Controller, Singapore, Malaysia & Indonesia at American Express.
  • Wendy Lai, SEA Strategy & Operations Leader of Deloitte.

25 April 2018, Wednesday

The Royal Norwegian Embassy, Singapore hosted a lunch-time dialogue on the topic of gender diversity on boards.

Ms Yeo Lian Sim, Special Adviser (Diversity), SGX and member of Diversity Action Committee (DAC), in a presentation titled “20-25-30 Work in Progress”, shared efforts and progress made with regard to women on boards in Singapore.

7 March 2018, Wednesday

DAC, together with EuroCham, SGX and 30% Club, supported OMFIF’s launch of the 2018 edition of its Gender Balance Index (GBI) in Singapore. The index tracks the presence of men and women in senior positions of public financial institutions globally. GBI 2018’s results reveal that there is still significant gender imbalance, particularly in G20 countries, with only two of their central banks in the top 20 ranking.

Speakers included representatives from Ernst & Young, World Bank, Industrial and Commercial Bank of China (ICBC) and International Finance Corporation.

26 January 2018, Friday

The Diversity Action Committee (DAC) supported the launch of the report “20 by 2020 : Gender Diversity on Singapore Boards – A Path to Action” by BoardAgender and Human Capital Leadership Institute (HCLI). Ms Grace Fu, Minister for Culture, Community and Youth delivered the keynote address.

20 November 2017, Monday

Ms Janet Ang (Member, DAC and Vice President of Industry Solutions and Smarter Cities, IBM Asia Pacific) shared the business imperative of women on boards and nomination processes.

The talk aroused keen interest and conversation among directors and senior management. Following the Forum, CDL’s Nominating Committee approved the adoption of a formal Board Diversity Policy and a DAC-aligned target of 20% women on CDL’s board by 2020.

5 October 2016, Wednesday
Videos of the event can be found here.

Diversity Action Committee (DAC) presented its report ‘Women on Boards: Tackling the Issue’ to Mr Tan Chuan-Jin, Minister for Social and Family Development, who was the Guest-of-Honour at the launch event.

The two-part report discusses obstacles to having more women directors on boards of SGX-listed companies and made 5 recommendations to Monetary Authority of Singapore (MAS), listed companies and the overall market.

The supplement to the report features conversations with chairmen and board directors from companies that have achieved awards for good corporate governance practices – DBS, SIA, Singtel, Yoma Strategic and Micro-Mechanics – on the topic of gender diversity on boards.

6 May 2016, Friday

DAC partnered BoardAgender to hold a networking luncheon with BoardAgender’s SG50 Champions of Change.

We were honoured to have 3 Champions – Euleen Goh, Goh Swee Chen and Simon Israel – join us at the luncheon.

The luncheon provided a relaxed environment for the Champions to freely share their experience as board directors as well as get to know the board-ready women.

22 March 2016, Tuesday

Ms Yeo Lian Sim, a member of the Diversity Action Committee, shared her view on “Why Board Diversity Matters To Retail Investors” at SIAS’ Investors’ Forum which sought to prepare retail investors for the AGM season.

3 March 2016, Thursday

Ms Teo Swee Lian shared the opportunities and challenges she encountered in her career journey to date, as well as her personal views on what women can do to prepare themselves for the responsibilities of the boardroom, at Harvey Nash’s INSPIRE Singapore 2016.

Ms Teo, a member of the Diversity Action Committee, is currently a non-executive and independent director of Singtel and AIA Group Ltd. She is also a non-executive director of Avanda Investment Management and chairs its Audit and Risk Committee.

18 February 2016, Thursday

The Diversity Action Committee (DAC) partnered Professor Randel Carlock from INSEAD to hold a workshop that immersed participants in reviewing and discussing the roles and responsibilities of the board, the board chairman as well as the CEO in making decisions in the decision-making process. The case study used explores governance issues challenging a board of directors, chairman and CEO when there is a critical decision on the business’ future strategy.

13 January 2016, Wednesday

The Diversity Action Committee (DAC) partnered the Investor Relations Professionals Association (Singapore) (IRPAS) to organise a forum attended by over 100 IRPAS members and guests.

Currently, many companies do not prioritise communicating the quality of their board to investors, despite increasing interest from stakeholder groups. As there have been calls for greater disclosure, transparency, board diversity and independence, the Singapore Institute of Directors, in Aug 2015, launched the Nominating Committee (NC) Guide which outlines the regulatory and practical aspects of the NC’s responsibilities.

24 November 2015, Tuesday

As part of the Diversity Action Committee (DAC)’s initiative to increase the active pool of women Board Director candidates, the Diversity Action Committee (DAC) partnered Ms Elaine Yew of Egon Zehnder to organize a workshop to share insights of competencies that boards are seeking in board directors and how potential women directors could best tell the story of their career for board roles. She also offered 5 key tips on networking. This is a follow-up activity after DAC’s successful Conference for Women as Board Directors.

29 September 2015, Tuesday

DAC’s latest initiative to accelerate the gender diversity on boards of companies listed on the Singapore Exchange was a great success! 100 senior women executives and professionals, all recommended by corporate leaders and governance experts as suitable for board directorships, attended the invitation-only event. The pipeline of 100 women participants will add to the existing pool of 400+ women board directors currently in SGX-listed companies, making the search for women board directors easier, especially for some Board Chairmen who perceived that there were not enough qualified women to serve on boards or they did not know where to find them. Please click here to read more.

Programme Highlights

  • Guest of Honour Address by Madam Halimah Yacob, Speaker of Parliament
  • Keynote Address by Mrs Lee Suet Fern, Morgan Lewis Stamford LLC
  • Breakout workshops led by INSEAD and Singapore Management University
  • Lunch and networking

23 September 2015, Wednesday

BoardAgender inaugurated its SG50 Champions of Change, an incremental initiative from the 100 Champions initiated previously to commemorate the 100th year of the International Women’s Day.

Mr Magnus Böcker (Chairman, Diversity Action Committee) was one of the speakers and shared the importance for Singapore Corporations to move past the current levels of women’s representation on their boards.

28 August 2015, Friday

The Singapore Institute of Directors (SID) with the support of the Accounting and Corporate Regulatory Authority (ACRA), Monetary Authority of Singapore (MAS), and Singapore Exchange (SGX), launched the Nominating Committee (NC) Guide. It provides comprehensive coverage of the regulatory and practical aspects of the responsibilities and issues and challenges faced by the chairman and members of an NC. This guide was produced with the support of resources from Ernst & Young Advisory Pte Ltd (EY), and a review panel of leading practitioners and professionals in the corporate governance field.

The guest of honour for the launch of the series and the NC Guide was Ms Grace Fu, Minister in the Prime Minister’s Office, Second Minister for Environment and Water Resources, and Second Minister for Foreign Affairs. At the same time, Minister Fu launched the Diversity Pledge where companies are invited to declare their support for board diversity.