SINGAPORE - An annual report by the provider of a widely-followed stock market index found that Singapore-listed companies have more female directors but are still behind the global average.
MSCI's study also found 23.1 per cent of Singapore companies on its MSCI ACWI index had three or more women on their boards, below the average of 36.2 per cent. However, due to the small pool of female board directors, more women than men were"overboarded", meaning they served on three or more boards globally.
The marginal increase of 0.5 percentage point in the first half of 2019 also raised doubt on whether the council's target of hitting 20 per cent, or about 171 directorships, by end-2020 could be achieved. However, MSCI said its review of the available data suggests that most female directors are not considered overboarded and serve on one to three boards.
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