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Two years ago, Singapore's Diversity Action Committee (DAC) found that 38 of Singapore's 100 largest corporations had fully male councils
. Two years later, the number of companies without women in their boards of directors dropped to 27 by the end of June, reported Bloomberg
including business leaders and business professionals , individuals and the public sector. It was created to address the under-representation of women in corporate boards of companies in Singapore.
The Island State is lagging behind most of the financial hubs in terms of gender diversity on boards of directors. The percentage of seats occupied by women in the top 100 companies in Singapore increased from 9.5% in December 2015 to 14.7%.
Photo: Connected to India
The ranking details the number of women that each company has on its board, who they are and the percentage of representation female. According to the DAC, the typical council director in Singapore is a man over 50 and has at least a university degree.
Although the top 100 firms have accelerated progress on gender equity in recent years, the broader market has been slower. About 55% and 49% of companies still do not have female directors.
In another report by the Insead Emerging Markets Institute and Deutsche Bank AG, it is noted that "sex discrimination in Asia is usually unconscious". There is still pressure for women to give up or disrupt their careers to raise a family, according to the report.
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