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Polishing performance to a shine

New research shows that boards of Singapore-listed companies with diversity in gender, ethnicity and age outdo their peers.
Wednesday, November 5, 2014 - 05:50
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Boards with both genders, at least two ethnic groups and two generations had an average ROA of 5.1 per cent, vs 1.1 per cent for non-diverse boards.
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"Apart from preventing group think, a diverse board encourages robust discussions fuelled by directors who bring to the table diverse experiences and perspectives." - Leong Soo Yee (above),head of the Association of Chartered Certified Accountants (ACCA) Singapore, a sponsor of the latest Singapore Board Diversity Report
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"Our study demonstrates that boardroom diversity is associated with significantly higher profitability, and this holds true for all types of diversity we measured - whether it be gender, age or ethnicity." - Co-author of the report, Marleen Dieleman

EVEN as more women take their seats in the boardrooms of Singapore-listed companies, a new study has showed that diversity in the board beyond that of just gender can boost the bottom line.

This year's Singapore Board Diversity Report found that companies who assemble boards of directors