Women's groups to push for at least 20% of female directors on boards by 2020: Grace Fu

[SINGAPORE] More can be done to strengthen gender diversity in corporate leadership here, said Minister for Culture, Community and Youth Grace Fu on Thursday.

Ms Fu said that to this end, the PAP Women's Wing, along with BoardAgender, an initiative of the Singapore Council of Women's Organisations, are making recommendations jointly to the Monetary Authority of Singapore to push greater gender diversity in boards. "We are advocating that a 20-20 target - at least 20 per cent of female directors on boards by 2020 - be adopted by listed companies and statutory boards," noted Ms Fu. This would be a big step up from 9.7 per cent currently.

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