The reality check awaiting Singapore’s aspiring board directors
Opportunities for first-timers could be limited if historical trends persist
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APART from the two programmes mandated by Singapore Exchange (SGX) Regulation for first-time directors of listed issuers, many aspirants also spend thousands of dollars on other programmes offered by various organisations, hoping to open the door to a paid directorship.
But for aspiring directors, what are the actual board opportunities in listed issuers here?
A study by the Centre for Investor Protection on the appointment of independent directors (IDs) to SGX-listed issuers found that from Jan 1, 2021, through Jul 31, 2026, there were 1,708 ID appointments. Of these, 778 (45.6 per cent) were first-time directors.
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