Russell Reynolds Associates analyzed the changes in the CFO community of SGX100 companies during 2019. We found the following:
At the end of 2019, our analysis showed that:
Companies in Singapore have the highest percentage of externally hired CFOs in the region (54%), as compared to Australia (48%), India (32%) and Hong Kong (27%).
54% external |
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27% external |
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Singapore also has the highest percentage (38%) of female CFOs in the region among the top 100 companies listed on the Singapore stock exchange. It is significantly higher than the other 3 economies under our study, Australia (19%), Hong Kong (12%), India (9%). This shows the city state is doing well in term of diversity and female leaders have been given many opportunities for career progression to the C-suite level.
BSE100 HIRES |
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CFOs in Singapore have an average tenure of 5.5 years, which is comparable to their peers in India but less than CFOs in Hong Kong (6.4 years) but more than the average in Australia.
HKSE100 HIRES | |||