Women representation on Singapore corporate boards reaches record high

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 Women representation on Singapore corporate boards reaches record high
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Women’s participation on boards tripled to 23.7 per cent as at end-2023, from 7.5 per cent in 2013, in the top 100 SGX-listed companies by market capitalisation. The data review, spanning from 2013 to Dec 31, 2023, was conducted in collaboration with the Centre for Sustainable Finance Innovation at Nanyang Technological University.

The recent key drivers of the increased female board appointments were likely regulatory in nature, including recent enhancements to regulatory frameworks for SGX-listed companies and charities placing emphasis on director tenures and diversity in board composition. First-time director appointments to SGX-listed companies – men and women – grew significantly at the boards of all SGX-listed companies in 2023, increasing diversity in the pool of directors.

At the top 100 SGX-listed companies in 2023, women directors comprised 17 per cent of all board chair and audit, nominating and remuneration committee chair positions, up from 9 per cent in 2018.

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Women Representation Corporate Board Numbers Rising

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