More meaningful to get boards to set diversity goals, report progress

Published Wed, Jan 27, 2021 · 05:50 AM

Singapore

TO move the needle on board diversity in Singapore, companies could strive towards "self-declared targets" and report their progress against these goals. This could be more meaningful than the introduction of official requirements, said Shai Ganu, global practice leader for executive compensation at Willis Towers Watson (WTW).

Speaking at a webinar on board diversity organised by the Singapore Institute of Directors (SID) on Tuesday, Mr Ganu said Singapore's companies are from from where they need to be in terms of board diversity.

"We need something really fundamental, particularly on the gender diversity angle, to achieve the results that we as a society should aspire for."

By asking companies to set targets, he said, change would be much more likely as "every time you make a commitment publicly, you will need to stick to that com…