Category: Event
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:
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- 1. There is a difference between being an independent vs a good Director.
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- 2. The is no such thing as a stupid question. When in doubt, do not be afraid to ask questions.
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- 3. Are the Board papers data-rich, analysis-poor and action poorer.
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- 4. Directors need to keep updated and abreast of developments.
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- 5. Alignment of Board and stakeholder objectives.
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- Governance in action, is what counts.
“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.
FORO M 2021
El Foro M es el espacio a través del cual buscamos promover la participación y el empoderamiento de más mujeres en diferentes escenarios, visibilizar la oferta institucional del Gobierno de Colombia para las mujeres y facilitar el intercambio de experiencias y buenas prácticas nacionales e internacionales.
https://www.foromcolombia.com/conferencistas-2021
Discussion with Ministry of Women, Family and Community Development
A discussion with YB Hannah Yeoh and her team on the challenges of increasing women representation on the boards of public listed companies and the way forward .
A virtually discussion with Lembaga Tabung Haji
On 15 December, members of the 30% Club’s Activate team virtually met with a very passionate team from Lembaga Tabung Haji(TH) lead by Rina Sarif, its Chief Human Capital Officer.
The meeting is part of the 30% Club’s mission to build an ecosystem of corporations to support our campaign in promoting diversity and inclusion focusing on gender balance on the Malaysian corporate boards and C-Suites.
This will be the first of many engagements in the weeks to come, with this very dynamic team.