More women in boards: IdDC awards scholarships for the “Effective Directories” program 2020

In order to promote diversity and inclusion on the boards, as well as increase the incorporation of women in the Senior Management of companies, the Institute of Directors of Chile, IdDC, awarded two scholarships for its corporate governance program “Effective Directories” 2020.

Ana María Rabagliati from Antofagasta Minerals and Gabriela Feierabend from Willis Towers Watson were the winners. After receiving the news, Ana María Rabagliati, Vice President of Human Resources at Antofagasta Minerals, said us that she was “very enthusiastic and grateful for the opportunity they have given me to participate in this program. I believe that it will give me effective tools to contribute from my role as director and acquire knowledge that will allow me to strengthen my contribution to the development of good corporate governance of companies. ”

At the same time, Gabriela Feierabend, CFO of Willis Towers Watson Chile, said us she is “very grateful to be able to participate and earn this scholarship for the Directory Efectivos program. I firmly believe in gender equality and that there is no barrier in women if we believe in ourselves. I hope that this program will give us a different perspective as directors and how to act in this ‘new reality’ in a responsible and effective way ”.

The scholarship was focused on women candidates from the companies associated with the Club of 30%, with an experience of at least 15 years, of which the last 5 have been in leadership positions and roles and who are currently aspiring to be board member.

Club Leaders meet up

“There will be no progress if one doesn’t work actively. Looking at each other and wonder why the absence of female leadership in our strategic initiatives, has been important to think about our culture that we must change”, says Hernán Rodríguez, President of Colbún Energía and Member of the 30% Club Chile. 

 

 

At the same time, Juan Carlos Eichholz told us “How diversity culture and female leadership attributes are very necessary at digital age. In addition, there are experiments that have shown that teams work improves when there is 30% as minimum representation”.

 

 

Ricardo Falú, GG of AES Gener told us about his successful experience incorporating 50% of women at work in Colombia and the support to them. Both companies are competition, but they are collaborating and sharing best practices.

 

 

30% Club Chile: First business leaders breakfast

Chile: In our first activity, Ann Cairns, Global Chair of the 30% Club and Executive Vice Chair of Mastercard, welcomed us and shared the experience in the UK and other countries and how they have been able to achieve their goals.

Participants could share different best practices, policies and vision of the impact of diversity in their organizations, interest in Club of 30% Chile purpose, in particular for CEOs and Presidents, through the Investor Group and in the redefinition of merit and talent search.

Different key players took part in this event such as Ivan Arriagada, Chief Executive Officer AMSA; Ana Maria Rabagliati, VP of  Human Resources AMSA; Rene Aguilar, VP of Corporate Affairs and Sustainability AMSA; Cecilia Arrue, Corporate Technical Manager Processing Minera Zaldivar; Rosario Orchard, VP of Planning and Control Management Minera Centinela; Paula Aguirre, VP of Finance Minera Antucoya and Edgar Rojas, VP of Organizational Development AMSA.

#BalanceForBetter

 

 

 

Held at the Globe and Mail Centre, our 2019 International Women’s Day event gathered investors, not-for-profits, corporations and academia together to recognize this year’s #BalanceforBetter theme, one that provides a unified direction to guide and incite continuous collective action.

 

 

Check out our highlight reel here, the event recap and action-oriented takeaways from our distinguished #BalanceforBetter speakers here, and our photo gallery from the event here.

Celebration of Cohort 6

The Cohort Six are participants of the Board Mentoring Scheme, which aims to accelerate the appointment of more women into board positions as well as enhancing DEI in PLCs.

  

At the opening address by Dato Abdul Aziz Abu Bakar, Executive Co-Founding Chair, 30% Club Malaysia, he said that one of the common feedback from the mentees was the knowledge they have gained through the sharing of experience from their respective mentors on a broad selection of governance topics.


“They have also benefited from attending a range of knowledge sharing sessions, which were mostly online. It is also heartening to hear from our mentors that their mentees have been in the driving seat and have owned their mentoring journey – setting mentoring goals, tracking their development progress and taking away guidance and suggestions from their respective mentors – for their professional and personal development,” he said during the 30% Club Malaysia Mentoring Celebration virtual event.


The event saw the Graduation of Cohort#6 and Onboarding of Cohort#7. A total of 17 women are participating in the Cohort #7. 


Since 2017, a total of 68 mentees who went through this Board Mentoring Scheme, with 53 mentors supporting the initiative of the Board Mentoring Scheme. 


“We hope, that through the Mentoring Scheme, we now have a broader pipeline of aspiring board-ready candidates, which in turn can support and grow the talent pipeline of women candidates and bring about a sustainable change in DEI into Corporate Malaysia.” he said. 


“I am happy to note that to date, more than 30% of our mentees have been placed on company boards, thus also supporting the target of the MCCG 2021 which recommends to all listed companies that boards comprise of at least 30% women directors,” he added. 


Although we have made significant progress towards the target of at least 30% by end of 2020, we still have a way to go. The participation of WoB to date stands at 25.5% for the top 100 listed companies, and 17.0% for all PLC boards, in comparison to the 30% recommendation by the SC. 


Nevertheless, this updated code sends a clearer signal to all listed companies to encourage diversity in their board composition, encompassing not only gender, but also to take the opportunity to increase diversity in the tenure and age of boards, as well as experiences, skills, background and culture. 


The event concluded with a dialogue session (organised by Mentee Circle) by Martin Manen, Chairman of the Board, Hong Leong MSIG Takaful Berhad and Sazlyna Sapiee, a mentee of the Board Mentoring Scheme.


He shared his experiences as a mentor and, explained that “Diversity is to be invited to the party, Inclusion is to be asked to dance”. 

Once again, the 30% Club Malaysia would like to congratulate the graduating Cohort#6 and welcome the Cohort#7 on embarking their mentoring journey.


Getting it Right at the Board

In the current climate, the media have placed a spotlight on embarrassing news reports and scandals in the Boardrooms. These cover a range of issues such as corruption, fraud, labour rights, climate harm.

 

Invariably when things go wrong in a company, public scrutiny is directed at the Company’s board. The Board of Directors carry a heavy responsibility to ensure that a duty of care and good governance are properly observed and implemented.

 

With this in mind, the 30% Club Malaysia jointly organised a talk “Getting it Right at the Board – WHAT DOES IT TAKE?” on 18 August 2021, with the Malaysian Institute of Corporate Governance (MICG). This was specially put together for its corporate members, partners and the 30% Club Malaysia Mentee Circle.

  

The talk focused on Corporate Governance, by key presenter and subject matter expert, David Berry (Vice President, MICG). Frances P. , a volunteer with Activate Pillar of 30% Club Malaysia moderated the session and the Q&A. 

 

The audience sat through an interactive session covering topics such as evolution of the code of corporate governance, effective Boards and directors, stakeholder management, symbiotic relationships between Boards and management, the courage to ask questions and more.

 

The presentation/dialogue was a power-packed session with valuable nuggets of learning. Some of the key takeaways from the session include:

 

     

      1. 1. There is a difference between being an independent vs a good Director.

      1.  
      2. 2. The is no such thing as a stupid question. When in doubt, do not be afraid to ask questions.
      3.  

      1. 3. Are the Board papers data-rich, analysis-poor and action poorer.
      2.  

      1. 4. Directors need to keep updated and abreast of developments.
      2.  

      1. 5. Alignment of Board and stakeholder objectives.

      1. Governance in action, is what counts.
      2.  

    “An independent director is not a decorative ornament …. and has a role in governance.” (Quoting the presiding judge in a 2011 High Court ruling).

    Simposio “Women in Payments”

    El Simposio “Women in Payments” es un evento de la organización del mismo nombre que proporciona perspectivas de mujeres líderes en el mundo de pagos, apoya la diversidad y la paridad de género, e incluye temas que afectan todos los aspectos del ecosistema de pagos.

    Journey to the Boardroom

    This is a summary of the insights shared in a webinar entitled “Journey to the Boardroom: Actionable Practice for Women to Transition to the Next Level”

     

     

    It was held on 21 July 2021, organised by CPA Australia in collaboration with 30% Club Malaysia. Michelle Ann Iking, a member of the 30% Club Talent Pillar committee, was the moderator while the speakers for the first session were Pauline Ho, Assurance Partner at PwC Malaysia, and Tian Pouw TP Pun GNRC of Taylor’s Education Group.

    Read the whole article to gain excellent insights into what it takes for women to ready themselves to take the reins of Board membership and leadership.
     

     

     

    Read here.

    AXA General Insurance joins 30% Club Malaysia

    Today AXA General Insurance Berhad has joined the 30% Club Malaysia as a Corporate Member.


    “We are pleased that AXA General Insurance is now a corporate member of the 30% Club Malaysia and part of an ecosystem of businesses, working together on a shared goal – the promotion of DE&I, with a focus on gender balance on Boards and C-Suites,” said 30% Club Malaysia Co-Founder Anne Abraham.


    AXA General Insurance CEO Emmanuel Nivet said its participation as 30% Club Malaysia member is evident of its commitment to accelerate DE&I, as well as driving sustainable corporate growth.


    “Most importantly this is our commitment for continuous development of our talents and for this initiative, will be for a specific agenda. With our participation in 30% Club, we aim to leverage on their programmes to groom our women talents aspired to explore opportunities as women directors, as well as other senior leadership positions,” he said.


    “This participation is very key, not only providing a platform for our talents to develop their interpersonal skills, most importantly building a pool of ready women board members for Public Listed companies in the country,” he added.


    First virtual IWD 2021 event – A fire-side chat by 30% Club Global Chair Ann Cairns and “MEN-WHO-PAUSE” Panel Discussion

    The recent 30% Club Malaysia IWD 2021 virtual event attracted more than 500 participants who were privileged to listen to various perspectives from thought-leaders.


    The event started off with a speech from the founding chair Tan Sri Zarinah Anwar.

    “Today, women representation on the top 100 PLC boards stands at 25.8%, an 82% increase from 2015; and women occupy 17.2% of total board seats on all PLCs,” she said.


    This is followed by an exciting fire-side chat by 30% Club Global Chair Ann Cairns. One of the memorable quotes captured were – “Investors around the world are voting against companies with all male boards”


    The most anticipated session was the panelist discussion – “MEN –WHO –PAUSE”. Some of the memorable quotes were –


    “Diversity is equivalent to competitiveness and profit,” said Johan Raslan


    “In Malaysia, the fantastic thing is that we have a really deep talent pool of women” Stuart Milne


    “When we talk about getting the right people for a certain job or role, the best way is to look at individuals by their competence, not by gender,” Albern Murty


    “We also believe in diversity as we are moving towards an energy industry that needs to be more customer-centric which simply needs a far more progressive and creative work environment,” T Muhammad Taufik.