SENSE & CENTS
·
SUBSCRIBERS

Fearless directors, more than diverse boards, will help drive shareholder value creation

It is crucial to have board members with the right character, not just the right skills or credentials

Leslie Yee
Published Tue, Apr 11, 2023 · 06:43 PM
    • Having fearless board directors who protect the interests of small shareholders will help increase participation by investors in the local bourse.
    • Having fearless board directors who protect the interests of small shareholders will help increase participation by investors in the local bourse. PHOTO: ST FILE

    AS an investor on the local bourse, I like seeing diversity in the boards of listed groups. Drawing inputs from people of different genders, nationalities, and work backgrounds helps ensure better decision-making. 

    With more robust decision-making, a company can deliver stronger financial results on a sustainable basis for the benefit of long-term investors.

    Moreover, having diverse boards signals to employees that a group values diversity. This can help the business attract talent from varied backgrounds. 

    Copyright SPH Media. All rights reserved.