Golf buddies and board diversity

The theme for this year's International Women's Day this month is #PressforProgress, an action to press forward and progress gender parity.

And at corporate Asia, there remains much work to be done, according to a diversity study from the National University of Singapore (NUS) Business School. In Asia, women's share of board seats is low and uneven, varying from 2.6 per cent and 3.3 per cent in South Korea and Japan respectively, to 7.7 per cent in Singapore and 8.6 per cent in India; compared with 21.9 per cent in Australia, 26.1 per cent in Britain, and 18.7 per cent in the United States. The same study found that, on average, companies with more than 10 per cent of female board members enjoy higher returns on assets and equities than companies with less female representation.

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A version of this article appeared in the print edition of The Straits Times on March 08, 2018, with the headline 'Golf buddies and board diversity'. Subscribe