Source: Freepik

Singapore-listed companies are getting more women on to company boards, with research showing women participation exceeding 10 percent for the first time.

The top 100 largest primary-listed companies achieved 12.2 percent women's participation on boards from 10.9 percent six months ago, the Diversity Action Committee (DAC) said in a report dated July 13.

DAC is a 19-member Committee comprising corporate leaders and professionals formed to address the under representation of women on boards of companies in Singapore.

The aim is to have a 20 percent share for women by 2020, then 25 percent by 2025, and finally, 30 percent by 2030.

"We do have a growing pool of qualified female potential directors that is under-tapped," DAC's Chairman Loh Boon Chye said, hightlighting the need for bringing gender diversity by appointing more women on the boards.

Of the 100 largest primary-listed companies, 24 have boards where women hold at least one-fifth of the seats, while 40 are "gender-diverse" with fewer than a fifth of board seats held by female directors. Another 36 firms have all-male boards.