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Statistics

15.2%

women on boards of Top 100 primary-listed companies as at 31 December 2018(Click here for DAC’s Report)

23%

women on boards
of Statutory Boards

29%

women on boards
of Top 100 Institutions of Public Character (IPCs)

News and Highlights

“We embarked on our board renewal process in 2017 with a clear view to bringing in greater expertise especially in disciplines that are new to the group.  … We have also added more female directors as part of our commitment to gender equality.” – Group chairman Lim Jit Poh

Sir Roger Carr, winner of the NED Awards Lifetime Achievement Award in 2019, shares his views on what makes a good Non-Executive Director.

Asked why he’s always advocated for women, he said “In a way, it was self-interest.” At Price Waterhouse, the firm tended to lose female staff as they got older, so the policies needed to be updated. “You were losing someone that was important to the business, or to you on a job.”

Consensus due to similar personal backgrounds, lack of diversity in views and failure to see things from others’ perspective can lead to bad decisions. It is crucial for board members, CEOs and business leaders to be aware and cognisant of the symptoms of groupthink and undertake strategies to combat groupthink. Read more here.

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Events

2931 May
From 16Jun
Course (partially in Singapore)International Directors Programme
by SID-INSEAD
18 Jun
Event (in Singapore)The Board Diversity Conundrum
by SID
1215 Aug
Course (in Singapore)International Company Directors Course
by AICD
View all Events

Interviews and Speeches

Chua Sock Koong, Singtel Group CEO

Chua Sock Koong

Group CEO, Singtel

“I’m often asked how I’ve managed to make it this far as a woman. I’m sure if I were a man, I wouldn’t be asked this question to begin with.”

Read Ms Chua’s speech at FutureBoards Cross-Border Dialogue.

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President Halimah Yacob

“Organisations that turn thought into action sooner rather than later, by casting the net wide to look for the best and most diverse talents and experience to serve on their boards, will position their organisations well.”

Read President’s Speech announcing the formation of the Council for Board Diversity here.

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Peter T. Grauer

Chairman, Bloomberg LP

“Lack of (board) diversity can no longer be gotten away with by citing a lack of ‘supply’. We must recognize that it is clearly a matter of demand – and that precedent-setting demand must come from the very top of companies.”

Read Mr Grauer’s Keynote at DAC’s event here.

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Panel Discussion at Chairman to Chairman Conversation

* Peter Seah, Chairman, DBS Bank and Singapore Airlines
* S.S. Teo, Executive Chairman and Managing Director, PIL

shared their views on how companies steer through disruptive changes in technology, markets and supply chains, and issues of board diversity and resilience. Read key takeaways here.

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Resources

Key Advice from Female First-Time Directors
Compiled by the Diversity Action Committee

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(L-R) Front: Loh Boon Chye, Minister Desmond Lee, President Halimah Yacob, A/P Muhammad Faishal Ibrahim, Mildred Tan
Middle: Rachel Eng, Goh Swee Chen, Simon Israel, SS Teo, Kay Kuok, Janet Ang, Suhaimi Zainul-Abidin
Top : Ong Chong Tee, Ong Toon Hui, Chan Wai Ching, Tham Sai Choy, Dr June Goh, Dr Lee Tung Jean, Junie Foo
(Not in photo: Edmund Cheng, Piyush Gupta, Sherman Kwek, Mary Liew)