Lack of 'board-ready' women talents: perception or reality?

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1月 13, 2022
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Executive Summary
The Business Times explores the issue of a lack of real progression in women representation on boards.
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The Business Times

The joint-research by Russell Reynolds Associates and the Institute of Directors Malaysia was featured in The Business Times article, "Lack of 'board-ready' women talents: perception or reality?" The article is excerpted below.

ACCORDING to the Singapore Directorship Report published by Singapore Institute of Directors in Nov 2021, only 13 per cent of board positions in Singapore-listed companies are filled by women, way behind our aspirational target of 20 per cent women on boards by 2020.

In fact, we are lagging behind our nearest neighbour, Malaysia, where women make up 17 per cent of all PLCs. Despite the clear awareness and intention to improve board diversity and organization resiliency, the lack of real progression in women representation on boards is disappointing.

So, what seems to be the road block in appointing more women on boards? There’s a widespread belief that Singapore lacks qualified board-ready women, and hence the persistent low representation of women on boards. Is this issue a perception or reality? It depends on where you are looking.

Based on the research in Malaysia conducted by Russell Reynolds Associates and the Institute of Directors Malaysia published in 2021, 88 per cent of board appointments were sourced and filled through personal/major shareholders’ networks. While a similar study for Singapore is yet to be published, one probably can expect similar findings.

To read the article, click here.