A study conducted by KornFerry International, talent management solutions provider revealed that more than 70% of company boards in five Asia-Pacific countries (Hong Kong, India, Malaysia, New Zealand and Singapore); do not have female independent directors.
The study aims at comparing the extent to which female and male directors hold key leadership positions on boards, and their profiles in these countries. Boards with three or more female directors were rare, and boards with three or more female independent directors were almost non-existent.
Other findings on gender diversity on Asia Pacific boards reveal that female directors are generally underrepresented in board leadership positions and only 14 out of the 600 boards in the six countries have more than two female directors. The study also found that on average female directors are younger than male directors across all countries, by about three years.