Despite having a high workforce participation rate for women and one of highest literary rates for women in the region, Singapore significantly lags global peers in the number of females on the boards of its publicly-listed companies, a new study found.
Of the 677 Singapore Exchange (SGX)-listed companies studied, 7.9 percent of board directors were women, a report by National University of Singapore (NUS) Business School and BoardAgender showed.
While, this is a slight improvement from 7.3 percent and 6.9 percent in 2012 and 2011, respectively, Singapore is far behind regional and developed nation peers.
(Read more: Want to outperform? Put women on your board)
Female representation in boardrooms stood at 9.0 percent in China, 9.4 percent in Hong Kong, 11.6 percent in Indonesia and 15.8 percent in Australia, according this year's study.