Singapore lags most financial hubs when it comes to gender diversity on corporate boards, so much so that a government-backed group has started calling out companies with no female directors.
The strategy is working. Two years ago, after discovering 38 of Singapore’s 100 biggest companies had entirely male boards, the Diversity Action Committee began a well-publicized biannual ranking of firms based on gender representation. The result: the number of corporations with no women on their boards fell to 27 by the end of June.
