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To whom it may concern,
Please find the Thirty Percent Coalition’s (“the Coalition”) comments on Part 5, Question 12 of the Monetary Authority of Singapore’s Consultation Paper on Recommendations of the Corporate Governance Council.

The Coalition is a U.S. based organization representing more than 90 members committed to increasing gender diversity on corporate boards of portfolio companies in which its members invest. The Thirty Percent Coalition’s membership base comprises institutional investors, including large pension funds, representing over $3.2 trillion assets under management (AUM).

...we need to understand that workplaces plagued by harassment and violence generally have two fundamental flaws: (1) poor cultures, and (2) poor governance.  Second, we need to understand that one key to building stronger cultures and better governance is embracing greater gender diversity in corporate leadership.

BizjournalsBusiness leaders have long highlighted gender diversity as a top priority, particularly when it comes to populating board rooms and the power center commonly known as the C-suite. Alas, women remain woefully underrepresented among the upper echelons of Corporate America.

A Business Journals analysis of some 3,000 publicly traded companies with at least $100 million in market capitalization

256px McKinsey and Company Logo 1
Getting to gender equality starts with realizing how far we have to go

Women remain underrepresented at every level in corporate America, despite earning more college degrees than men for thirty years and counting. There is a pressing need to do more, and most organizations realize this: company commitment to gender diversity is at an all-time high for the third year in a row.

...we find that banks with more gender diversity on their board perform better once the composition of these boards reaches a critical level of gender diversity, corresponding to a board female share of around 13-17 percent.

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