Govt backs push for diversity disclosure
Diversity panel chief says Singapore's reputation and edge could be hurt by its falling behind peers
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Singapore
THE government is supporting the Diversity Action Committee's (DAC) call for Singapore-listed companies to report on diversity policies and targets, or provide an explanation if they fail to do so, Minister for Social and Family Development Tan Chuan-Jin said on Wednesday.
The DAC's recommendations will push companies to publicly address the issue of diversity without prescribing quotas. There is also a threat of stronger regulatory action if progress is lacking.
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