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Statistics

16

companies appointed women board directors from Jan to Mar 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

Digitalisation will change the ways companies organise themselves, creating new roles that demand multi- disciplinary skills. Such new roles are opportunities for women because they are gender-neutral and favour the young. Panel included Janet Ang, Simon Israel, Jacqueline Poh and Khai Lin Sng.

In response to growing demand from consumers, more companies have been incorporating sustainable practices into their businesses in recent years. Women have played an outsized role in the sustainability movement since its inception. Read more here.

Nearly 30% of independent directors (IDs) in Singapore have served for more than nine years, with some over 30 years. President of SIAS calls for the revised Code of Corporate Governance to place mandatory nine-year cap on IDs. Directors can be retained as a non-independent directors.

Legal & General Investment Management is the latest institution to say it will vote against boards that are not at least 25 percent female. Standard Life Aberdeen Plc, one of Britain’s largest fund management groups, has said it will vote against boards where men hold more than 80% of seats.

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Events

from 19Jun
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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 specifically … 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.