Done right, a strong board diversity policy, including gender, is a key element of future proofing a company. As President Halimah Yacob, who is also patron of the Council, said in March 2021: “Those that cast the net wide for the best talents and experience to contribute to their boards will position their organisations well for long-term success.”
The writer is Co-Chair of the Council for Board Diversity.
The Council for Board Diversity (CBD) was established by the Ministry of Social and Family Development to promote and achieve sustained increase in the number of women on boards of listed companies, statutory boards and non-profit organisations. Visit www.councilforboarddiversity.sg for more information on how you can play a part and how CBD can help increase board diversity in Singapore.
The CBD, in collaboration with Centre for Non-Profit Leadership, Ernest & Young and Singapore Institute of Directors, has produced a Board Appointment Guide for Charities and IPCs that will provide practical guidance to charities and IPCs on their appointment processes, to achieve greater board diversity and governance standards.