Business

Female representation in boardrooms up slightly in first half of year

The level of female representation in boardrooms improved slightly in the first half of the year.

The proportion of women on boards increased 0.5 percentage points to 15.7 per cent among the top 100 primary-listed companies by market capitalisation on the Singapore Exchange.

Five of these firms - ComfortDelGro, SBS Transit, Wing Tai Holdings, First Resources and Sats - were already gender-diverse but they each added a female director.

All-male boards were reduced by four to 21 after Wilmar International, Hong Leong Finance, CapitaLand Mall Trust, ESR-Reit and Singapore Airlines also added a woman director each.

But there was one additional all-male board in the period.

The target of having women make up at least 20 per cent of the board was achieved by 36 of the 100-listed firms, said the Council for Board Diversity.

The Council, which was set up in January, has a long-term target for equal proportion of men and women directors.

Its near-term target is for the top 100 companies to hit 20 per cent by the end of next year and all listed firms at 25 per cent by the end of 2025 and 30 per cent by the end of 2030.

Council co-chair Mildred Tan said it has intensified its efforts to engage with decision-makers as it is timely for organisations to "strengthen board composition, by looking for directors that bring a broader range of diversities and in-demand skills". - THE STRAITS TIMES

BUSINESS & FINANCE