Women in leadership, women on boards - it's time for a change
Investors are increasingly vocal and active in their call for board gender diversity
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THERE is an urgent need for more women on boards - and the time for change is now. The proportion of female university graduates and women in leadership positions in Singapore as at 2020 stood at 51 per cent and 31 per cent, respectively. Therefore, there are many opportunities for women to excel and reach their full potential in Singapore.
Today it is globally recognised that having diversity in leadership is good for business. A recent study by the Council for Board Diversity (CBD), comprising secondary research of academic studies published before the pandemic, found that board diversity is essential to the business sustainability and resilience of a company. The Covid-19 crisis has also brought societal issues further to the fore - resulting in global investors becoming increasingly vocal and active in their call for board gender diversity, among other forms of diversity.
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