Gender diversity in corporate boards of Malaysia - does it really matter?
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The journey of gender inclusion in Malaysia began in 2004 when the government pushed for 30% of decision making positions in the public sector to be filled by women. This was achieved in 2010. In 2011 the Securities Commission of Malaysia (SC) in its Corporate Governance Blueprint encouraged listed companies to develop gender diversity policies and to disclose its implementation toward achieving 30% target of women in their boards by 2015. However, this target was not achieved because of a number of factors, most important among them was that gender inclusion was only a recommendation and not a practice to be complied by listed companies. Besides, there was limited supply of women who were ready to join boards of listed companies as independent directors. Institutions directly and indirectly involved or connected with developing career opportunities for women up to board level were at their infancies (LeadWomen Malaysia established in 2011, and 30% Club Malaysia in 2013). At the same time recruitment of qualified directors especially independent directors to meet listing requirements took precedence over the female directors.
Gender diversity , Companies , Malaysia
Aljunid, S. A. H. (2020). Gender diversity in corporate boards of Malaysia - does it really matter? Corporate Voice, 2 (April - June 2020), pp. 13-16.