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Should boards enforce gender quotas? DBS panel stays divided

Nicole Lim and Jovi Ho
Nicole Lim and Jovi Ho • 6 min read
Should boards enforce gender quotas? DBS panel stays divided
From left: Stefanie Yuen-Thio, chairperson of SG Her Empowerment; K Shanmugam, Minister for Home Affairs and Minister for Law; Tan Su Shan, group head of institutional banking, DBS; and Piyush Gupta, CEO, DBS. Photo: DBS
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The decision not to impose a gender quota among senior leadership in workplaces has helped move the needle in promoting diversity, says DBS Group (SGX:D05) chief executive Piyush Gupta.

Speaking at a panel discussion hosted by DBS on March 14 to celebrate International Women’s Day, Gupta was answering a question on whether society has gone too far in promoting women’s equality.

“I was of the view that maybe we need a quota because Singapore’s women on board percentages were abysmally low,” says Gupta, who has sat on the Council for Board Diversity (CBD) since 2019.

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