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The corporate sector in
Malaysia has been given a five-year transition period to
raise the number of women as members of the board of
directors of companies and hold top positions in their
respective companies.
The policy was the result of a
request by the Ministry of Women, Family and Community
Development to give an opportunity to qualified women to
become company directors. |
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Malaysian Minister of Women,
Family and Community Development Hon. Shahrizat Abdul Jalil |
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Malaysia to Ensure Women
Hold 30% Board Seats |
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The Malaysian Prime Minister
Datuk Seri Najib Tun Razak said the approval of the
policy was a continuation of the Policy of At Least 30
Per Cent Women in the Decision-Making Level in the
Public Sector announced by the government in 2004, where
the achievement had been encouraging.
In the public sector, women at the
premier grade level increased from 18.8% in 2004 to
32.2% in 2010 as part of the policy. |
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Currently, out of the 200
companies listed on Bursa Malaysia, only 7.6% are women. |
| To ensure that the policy will be
implemented effectively, the Ministry of Women, Family and
Community Development, in collaboration with other agencies such
as the Malaysian Alliance of Corporate Directors and Malaysian
Directors Academy will draw up training programs to prepare
women with potential to become members of the boards of
directors of companies. |
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