The Council for Board Diversity (CBD) has reported that more women became directors of listed companies, statutory boards, and institutions of public character (IPCs) in 2022. According to the study by the CBD, women accounted for nearly 40% of all new director appointments made by statutory boards and the largest Singapore Exchange (SGX)-listed companies. This also raised the proportion of women directors to its highest levels since the CBD was established in 2019 and brings women’s participation on boards of listed companies closer to targets set by the CBD. Loh Boon Chye, co-chair of the CBD and chief executive of SGX Group, said that with the business environment changing at a much faster pace than before, diversity of thought on a board has come to the fore as organisations seek to capitalise on new opportunities and navigate challenges.