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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

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.

However, the Australian Institute of Company Directors (AICD) recognises that it would be “tough” to achieve its target of 30% for ASX200 companies by 2018. Mr McCann, a founding Male Champions of Change member, also hit back at suggestions that advocacy for gender diversity had led to unqualified female directors being appointed to boards.

There is a need to encourage more women to enter STEM fields to help develop solutions for a digital age, says leading women in science and technology from DBS, A*STAR, IBM and Nestlé. Approaching complex problems from different angles helps develop comprehensive understanding and more effective solutions.

UK’s Hampton-Alexander Review reveals the top 10 reasons given for not appointing women to FTSE company boards. “It’s shocking that some businesses think these pitiful and patronising excuses are acceptable reasons to keep women from the top jobs.” – Business Minister Andrew Griffiths

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Events

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Interviews

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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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Simon Israel

Chairman, Singtel and Singpost

“I would like to see boards encouraged on diversity and gender diversity … Let’s require boards to articulate their policy towards this and … set their own objectives. If we can’t get traction then perhaps it will require further regulatory intervention.”

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Sumitri Menon

Chairman, Micro-Mechanics (Holdings) Ltd

“Many people argue against quotas, saying they bring tokenism… But I don’t think that is going to happen, because there are many qualified women and if you are forced to take a woman on your board, you will find the best qualified women.”

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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.