This was according to the Korn Ferry Diversity Scorecard 2016, a study by Korn Ferry and the National University of Singapore Business School’s Centre for Governance and Institutions and Organisations.
Locally, women held 7.7% of board seats in 2014. This was a slight increase from 7.4% in 2013.
According to the study, Singapore was ranked the third lowest nation in terms of female representation in the region.
The Republic was ahead of Japan and South Korea which had 3.3% and 2.6% of female board members respectively.
Overall in Asia-Pacific, gender diversity stood at 10.2%, an increase from 9.4% in 2013 and eight percent in 2012.
Australia was listed as the best-performing country in gender diversity in the region, with 21.9% of its board members being females.
New Zealand trailed closely behind with 13.4% followed by China (12.9%), Malaysia (12.5%), Indonesia (11.1%), Hong Kong (10.7%) and India (8.6%).