Enhancing board diversity disclosures in Singapore: Taking the next steps
Since we published our “Board diversity disclosures in Singapore – A good practice guide” in November 2016, stakeholders have become more aware of the importance of diversity for an effective board and for the sustainability of their businesses.
Today, the business case for board diversity, in particular a gender diverse board in Singapore, is clear. The increase in the proportion of women on boards is encouraging, however there is more work to be done.
The recent revision of the Code of Corporate Governance will encourage boards to be more diverse by requiring companies to have a board diversity policy, disclose it and show progress made. Listed companies will need to comply with these new requirements for financial years commencing on or after 1 January 2019. Our guide is designed to help companies take the necessary steps to comply with the requirements.
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