Top Page | English | 简体中文 | 繁體中文 | 한국어 | 日本語
Thursday, 28 May 2015, 18:00 HKT/SGT
Share:
    

Source: Diversity Action Committee (DAC)
More Search Firms Partnering Singapore's Diversity Action Committee in Pro-Diversity Effort

SINGAPORE, May 28, 2015 - (ACN Newswire) - Singapore's Diversity Action Committee (DAC) announced that 6 more executive search firms have signed up to its Statement of Good Practice in Executive Search for Board Directors.

Global Search Partners, Harvey Nash, NQ International, Profile Search and Selection, Robert Walters and Straits Talent join the five leading executive search firms - Egon Zehnder, Heidrick & Struggles, Korn Ferry, Russell Reynolds Associates and Spencer Stuart - in committing to prescribe the best practices for board appointments supportive of gender diversity. Collectively, the 11 executive search firms bring with them their extensive network of candidates to serve companies ranging from large billion dollar institutions to companies listed on Catalist.

Magnus Bocker, Chairman of DAC, said, "I am pleased to see that more members from the Executive Search community will support greater boardroom diversity and participation of women. Using executive search services for recruiting board directors is not just for the large companies but those desiring to bring best talents to the top table in addition to the existing recruitment channels. These active partnerships between companies and search firms support an increased understanding of the business benefits of diversity. DAC looks forward to a continuous increase of women directors."

Summary on the Statement of Good Practice in Executive Search for Board Directors

The Statement was launched on 15 January 2015. The Statement of good practice sets out a comprehensive process from the start of the search assignment to appointment of director and post-appointment follow-up.

It advocates that search firms first consider the existing strengths of the board and define the complementary capabilities required to serve the corporate strategy. It encourages boards to widen candidate pool to include top calibre and diverse candidates (including women). Particular attention should be paid to candidates with relevant experience in emerging industries and areas of specialisation.

The Statement also emphasises the importance of comprehensive induction programmes for new directors and post-appointment follow-up with the whole board in order for companies to benefit more fully from board diversity.

The full Statement and more information about the Diversity Action Committee can be found at www.diversityaction.sg.

About Diversity Action Committee

The Diversity Action Committee (DAC) was formed in August 2014 with the objective of building up the representation of women directors on boards of companies in Singapore. Mr Chan Chun Sing, Minister for Social and Family Development, established the Committee on the recommendation of the Diversity Task Force regarding Women on Boards, as the key driver in a multi-stakeholder approach to addressing the under-representation of women directors.

Increased diversity on boards heightens the robustness of decision making and broadens the catchment of risk awareness and response, resulting in superior corporate governance. A larger number of women directors on corporate boards answers the economic reality of women increasingly deciding on business and consumer purchases. For the economy as a whole, underutilizing women at the apex of corporate decision making could hinder competitiveness. Hence the work of DAC addresses a business imperative.

Adopting a multi-stakeholder approach, the Committee will raise awareness of the importance and benefits of gender diverse boards, champion best practices that support gender diversity and inspire relevant stakeholders toward appointing women board directors. It is working with various institutions to expand the pool of board-ready women and will have regular communication with the business community.

The Diversity Action Committee is chaired by Mr Magnus Bocker, Chief Executive Officer Singapore Exchange Ltd, and its Adviser is Madam Halimah Yacob, Speaker of Parliament of Singapore. The Committee comprises 15 leaders from both large and small organisations, and professionals from the private, people and public sectors. To learn more, please visit www.diversityaction.sg.

Media Enquiries:

Diversity Action Committee Secretariat
Ms Wendy Tan or Ms Cheryl Tan
T: +65 6713 6034
E: DAC_Secretariat@sgx.com
U: www.diversityaction.sg

Global Search Partners
Mr Quek Eng Tiong
T: +65 6224 0068
E: quek.et@gsp-asia.com
U: www.gsp-asia.com

Harvey Nash
Ms Kirti Lad
T: +852 3199 6997
E: kirti.lad@harveynash.hk
U: www.harveynash.com/executivesearch/

NQ International Pte. Ltd.
Ms Noor Quek
T: +65 6322 1448
E: noor.quek@nqinternational.com.sg
U: www.nqinternational.com.sg

Profile Search and Selection
Ms Yvonne Goh
T: +65 6513 2511
E: ygoh@profileasia.com
U: www.profileasia.com

Robert Walters
Ms Joanne Chua
T: +65 6228 0292
E: Joanne.Chua@RobertWalters.com.sg
U: www.robertwalters.com.sg

Straits Talent
Ms Florence Ng
T: +65 6818 9854
E: florenceng@straitstalent.com
U: www.straitstalent.com



Topic: General Announcement
Source: Diversity Action Committee (DAC)

Sectors: Daily Finance, Daily News, Human Resources
http://www.acnnewswire.com
From the Asia Corporate News Network


Copyright © 2022 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.



Latest Press Releases
Straumann Malaysia, part of The Straumann Group, a Leading Implantology Company, Intends to Provide 3,000 Dental Implant Packages to the Ministry of Health Malaysia as part of MoU  
May 21, 2022 08:20 HKT/SGT
MC and Morgenrot Enter into Capital and Business Alliance  
Friday, May 20, 2022 7:19:00 PM
12th PropertyGuru Asia Property Awards (Singapore) search for the finest real estate as market sentiment improves  
May 20, 2022 19:15 HKT/SGT
PhilSec 2022 Set to Discuss Strategies to Strengthen Philippines' Cybersecurity  
May 20, 2022 16:35 HKT/SGT
TMT Offers Immersive Customer Experience with Latest Megastore in Pavilion Bukit Jalil  
May 20, 2022 16:00 HKT/SGT
ROOKIE Racing and TOM'S SPIRIT Announce Team Setups for Super Taikyu Series Fuji 24 Hours Race  
Friday, May 20, 2022 12:42:00 PM
Sirnaomics will present clinical study results and development strategy for Cancer RNA Therapeutics at the 2022 Pre-ASCO China Summit  
May 20, 2022 11:10 HKT/SGT
MC and Kurashiki City Sign Regional Development Agreement  
Friday, May 20, 2022 9:55:00 AM
BDO announces winners of the BDO ESG Awards 2022  
Thursday, May 19, 2022 9:20:00 PM
WealthSecrets Revolutionises Sports, Media, and Prediction Gaming with Its Maiden Product Bettico  
May 19, 2022 19:00 HKT/SGT
More Press release >>
 Events:
More >>
 News Alerts
Copyright © 2022 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Privacy Policy | Terms of Use | RSS
US: +1 214 890 4418 | Beijing: +86 400 879 3881 | Hong Kong: +852 8192 4922 | Singapore: +65 6549 7068 | Tokyo: +81 3 6859 8575

Connect With us: