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Article

29 Sep 2014

Author:
Jacqueline Woo, Straits Times (Singapore)

Singapore tops Asian markets in share of women in chief executive positions, despite drop in female representation on boards

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“Women here still hit glass ceiling”, 28 September 2014

…[W]omen in Singapore are making some cracks in the glass ceiling, according to the latest Credit Suisse Research Institute report…At the…chief executive level…the Republic topped all Asian markets and was the third-highest globally…[The report] found that female representation on Singapore company boards dropped from 8.6 per cent in 2012 to 7.9 per cent last year…The share of women in chief executive positions here, on the other hand, was 15 per cent last year - significantly higher than the global average of 3.9 per cent…"The CS 3000 gives compelling evidence that gender diversity on boards and in senior management is strongly linked to higher returns on equity, better shareholder returns and stronger valuations," said Mr Giles Keating, deputy global chief information officer of private banking and wealth management at Credit Suisse...