The partnership comes at a time when Singapore is witnessing growth in the pool of board talent in the market. According to CBD data, nearly half of all board appointments at the 100 largest companies listed on the Singapore Exchange (SGX) made in 2022 went to directors without prior directorship experience at SGX-listed issuers. At the same time, CBD data shows that while women's participation on the boards of these 100 largest listed companies reached 22.7% as at June 2023, up from 15.2% at end-2018, there is still a long road ahead towards achieving gender balance on boards.