Good practice guides for making board diversity disclosures, for listed companies
The 2018 revision of the Singapore Code of Corporate Governance (Code) issued by MAS on 6 August 2018 has an increased focus on board diversity, board independence and board renewal. Listed companies are required under the Singapore Exchange Listing Rules to disclose their corporate governance practices and give explanations for deviations from the Code in their annual reports.
In relation to board diversity, the Code requires companies to set and disclose, in their annual reports:
- the board diversity policy;
- objectives; and
- progress in achieving their objectives.