Listed companies can dial down on diversity; profits, financial prudence, shareholder treatment matter more

LIVING in multi-racial, multi-religious Singapore – where people hail from diverse nationalities and many are foreign-born – is fun. One can celebrate various festive occasions, learn about disparate cultures and access different cuisines.

Crucially, too, Singapore’s diverse society is a strength for our businesses.

For example, penetrating regional markets is easier when a business can tap staff here who are familiar with cultural norms and behaviour in a target market.

Therefore, could the pushing back on diversity, equity and inclusion (DEI) initiatives within the US federal government, private companies and institutions by US President Donald Trump’s administration weaken US corporations?

DEI initiatives are intended to address and correct discriminatory policies.