Tough stance on board renewal has helped to spur recruitment of more women directors

HERE’S some good news about diversity in Singapore’s boardrooms: At the 100 largest locally listed companies by market capitalisation, women occupied 23.7 per cent of all board seats at end-2023.

The latest Singapore Board Diversity Review said this marked an improvement from 21.7 per cent at end-2022, and only 7.5 per cent at end-2013.

The annual study released earlier this month by the Council for Board Diversity also said the rate at which women are taking on board appointments has accelerated.