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Statistics

30

companies appointed women board directors from Jan to May 2018

added women to their board in 2018

Click here to view full list of companies that added women to their boards in 2018

13%

women on boards of Top 100 primary-listed companies as at 31 December 2017(Click here to see DAC’s Press Release)

News and Highlights

NZ government has committed to ensuring half of all directors on state sector boards and committees are women by 2021. At end 2017, the ratio was 46%. Minister for Women Julie Anne Genter said a range of tools are potentially available to the government to “incentivize” private businesses to change, including imposing quotas.

Using econometric techniques, the study by NUS Business School established a relationship between women on boards and financial performance, through corporate governance. Piyush Gupta, CEO of DBS Group, said: “Boards that strive for effectiveness and embrace diversity as a mechanism to deliver effectively are likely to perform better than other boards.”

McKinsey shares its thoughts on how companies in Singapore can achieve greater gender diversity on their boards: 1) Change to a mindset of urgency, 2) Expand criteria, 3) Maintain active pipeline, 4) Promote workforce practices beneficial to women.

Boards are appointing digital directors to better navigate the evolving digital landscape and understand technological disruptors who are competitors. Digital directors are digitally-savvy directors either with experience from pure-play digital companies, or who have participated in the digital transformation of a traditional business.

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Events

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Interviews

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Simon Israel

Chairman, Singtel and Singpost

“Board diversity is an important contributor to Board effectiveness and high performing Boards. While gender diversity is only one dimension of diversity, it is an important one and and is a hallmark of progressive Boards.”

Watch Mr Israel’s keynote address at DAC’s event here.

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Panel Discussion at DAC Seminar on 29 Jun 2018

Corporate leaders discuss their views on board diversity.

Click here to watch the panel discussion 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)

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Peter Seah

Chairman, DBS Bank

“You will see richer dialogue and discussion with women on boards. Because of our good experience, we now always insist that we have women on our Board.”

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Euleen Goh

Independent Director, DBS & Non-Executive Director, CapitaLand Limited

“Too many times the thinking is: ‘We know what’s out there, we know who’s out there. We’ll just appoint the people we know’ rather than ‘let’s take a meaningful look at the wider pool of people and try to bring much more diversity to the board’.”

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Resources

Women on Board: Making a real difference
24 interviews with women board directors by Singapore Institute of Directors

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Our Committee

The Diversity Action Committee is an 18-member Committee comprising corporate leaders and professionals from the business, people and public sectors, formed to address the under-representation of women on boards of companies in Singapore.