CBD PRESS RELEASE
Women’s Representation on Boards of SGX-listed Companies, as at December 2018
Top 100 primary-listed companies doubled women’s participation on boards
- Women’s participation in boards of the Top 100 primary-listed companies (“Top 100 companies”) rose further to 15.2% as at end December 2018. The Top 100 Companies continued to outpace the market. Compared with Dec 2013, before DAC was formed, this is a doubling of the women’s participation on boards (“WOB”).
![Press Release Stats 2019 1](https://www.councilforboarddiversity.sg/wp-content/uploads/2023/12/Press-Release-Stats-2019_1.webp)
More companies with women on boards, fewer all-male boards
- As more companies see the benefits of women on boards, the proportion of all-male boards in Top 100 Companies halved from 50% before DAC was formed to 25% as at December 2018 (Figure 2a).
- As at December 2018, 48% of companies have all-male boards, from 50% in end 2017. (Figure 2b)
- 38 of the Top 100 Companies have achieved at least 20% WOB, the first level of DAC’s triple-tier target.
![Press Release Stats 2019 2](https://www.councilforboarddiversity.sg/wp-content/uploads/2023/12/Press-Release-Stats-2019_2.webp)
Appointments of women board directors was the highest on record for 100 largest companies
- Women made up 24% of board appointments in 2018, the highest on record, for Top 100 Companies.
- For all SGX-listed companies, women made up 13% of board appointments in 2018, similar to 2017.
New board seats mostly filled by men in 2018
- Among first-time directors for Top 100 Companies, 30% were women and 70% were men, similar to previous year.
- For all SGX-listed companies, 14% were women and 86% were men.
Board renewal opportunity for companies that have independent directors with tenures of 9 years or more
- 40% of Top 100 Companies have at least 1 independent director that had served at least nine years. There are 91 of such directorships. 15 have served longer than 20 years.
- Similarly, 47% of all SGX-listed companies have at least 1 independent director serving nine years or more. There are 654 of such directorships. 83 have served longer than 20 years.
International comparison
![Press Release Stats 2019 3](https://www.councilforboarddiversity.sg/wp-content/uploads/2023/12/Press-Release-Stats-2019_3.webp)
12 gender diverse boards within the Top 100 Companies added more women
![Press Release Stats 2019 4](https://www.councilforboarddiversity.sg/wp-content/uploads/2023/12/Press-Release-Stats-2019_4.webp)
5 all-male boards within the Top 100 Companies added women
![Press Release Stats 2019 5](https://www.councilforboarddiversity.sg/wp-content/uploads/2023/12/Press-Release-Stats-2019_5.webp)
List of Top 100 Companies’ WOB as at 31 December 2018
![Press Release Stats 2019 11](https://www.councilforboarddiversity.sg/wp-content/uploads/2023/12/Press-Release-Stats-2019_11.webp)
![Press Release Stats 2019 7](https://www.councilforboarddiversity.sg/wp-content/uploads/2023/12/Press-Release-Stats-2019_7.webp)
![Press Release Stats 2019 8](https://www.councilforboarddiversity.sg/wp-content/uploads/2023/12/Press-Release-Stats-2019_8.webp)
![Press Release Stats 2019 9](https://www.councilforboarddiversity.sg/wp-content/uploads/2023/12/Press-Release-Stats-2019_9.webp)
![Press Release Stats 2019 10](https://www.councilforboarddiversity.sg/wp-content/uploads/2023/12/Press-Release-Stats-2019_10.webp)
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