As at June 30, women’s participation on boards has tripled from 7.5 per cent in 2013 to 25.3 per cent in June 2024.
Notably over the past five years, women board representation at statutory boards has increased to 34.2 per cent, up from 23.3 per cent, while that at the top 100 institutions of a public character rose to 31.5 per cent, up from 27.6 per cent. DPM Gan said more can be done to pursue greater gender diversity, citing the lower proportion of women directors outside the top 100 companies listed on the Singapore Exchange, which is at about 14 per cent. “There is also room to encourage greater gender diversity in non-listed companies,” he said.
The forum, which was supported by the Singapore Business Federation, also put together a group of panellists to offer personal insights, such as how employers can balance short-term pressures and long-term growth, and how they can use crises to their advantage. This was how a new business segment called YouBiz, an SME multi-currency corporate card, was built from scratch over eight months. It is now “one of the growth drivers” for the fintech company, she said.More women on boards in S'pore now as firms tap diversity's benefits
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