Good practice guides for making board diversity disclosures, for listed companies

The 2018 revision of the Singapore Code of Corporate Governance (Code) issued by MAS on 6 August 2018 has an increased focus on board diversity, board independence and board renewal. Listed companies are required under the Singapore Exchange Listing Rules to disclose their corporate governance practices and give explanations for deviations from the Code in their annual reports.

In relation to board diversity, the Code requires companies to set and disclose, in their annual reports:

  1. the board diversity policy;
  2. objectives; and
  3. progress in achieving their objectives.

Click here for some examples of how leading listed companies in Singapore make disclosures in their annual reports. Companies could use these disclosures as references when considering how they could meet the requirements of the revised Code.

Please click here.

The PwC guide “Enhancing board diversity disclosures in Singapore” is also a useful resource for companies seeking to take the necessary steps to comply with the board diversity disclosure requirements.

Below are some of the minimum considerations which companies could consider when planning to develop its board diversity policy, objectives, and monitoring mechanisms to meet the requirements of the Code and Guidance on board diversity.

Click here to read the full guide