Crafting Board Profiles for Success: CnetG Asia’s Board Profile Writing Masterclass for Mentees

A well-crafted board resume that clearly shows the value the board aspiring candidate brings to the organisation, increases the chances of an appointment as board director.


With this in mind, twenty participants of the mentees from the Board Mentoring Scheme of the 30% Club Malaysia recently participated in the Board Profile Writing Masterclass, which was organised by CnetG Asia, a key strategic partner of the 30% Club Malaysia.


Raj Kumar Paramanathan, the Managing Partner of CnetG Asia who ran the session single-handedly, brings to the table more than two decades of experience in executive search. 


He shared that a board resume differs from a typical executive resume in that it highlights more of the successes or accomplishments from the angle of corporate governance, strategy, and P&L management.


“The Top 1/3 of the resume is termed as the “prime real estate”, wherein candidates should use this section to describe the expertise and value they bring to the organisation. It is key to provide context and specifics instead of broad statements to highlight their expertise and competencies,” he said.


During the two-hour event, participants learned an interesting angle about gender bias in resumes; Raj Kumar cited that studies have shown that female candidates tend to use collaborative words in their resumes compared to male candidates who use more action verbs.


The session included interactive Q&A discussions as well as specific extracts of participants’ own resumes including demonstrations by Raj Kumar of eye-opening and catching “Before” and “After” effects by applying the techniques as shared during the session.


In the next posting, we will share some of the feedback from the participants about the session and future improvements to the Board Mentoring Scheme.


30% Club Malaysia and Heriot-Watt University announces scholarship

The 30% Club Malaysia and Edinburgh Business School, Heriot-Watt University are pleased to announce that they are awarding one full scholarship for the part-time MBA programme at the Heriot-Watt University Malaysia campus to ONE entrepreneurial woman.

In addition, TWO partial fee scholarships of 30% will be offered under the same scholarship programme. The conditions are: 

The candidate must have received and accepted an unconditional offer of a place on the full or part-time MBA programme and paid the deposit before a scholarship application can be submitted.

Amount of award
One placement for a full tuition fee waiver of RM58,050.
Two placements for a 30% fee waiver of the full tuition fee.

Successful applicants would commence the two-year programme in September 2021 or January 2022. In the video, you can hear from Laura Sanchez, an oil and gas executive who completed her MBA on campus in Malaysia.

Important dates to note:
Opening date: 15 June 2021
Closing date: 15 December 2021 (Midnight, Malaysian time)

For more information, please read here

 

Mentee Circle holds its first Fireside Chat with Velesto Energy

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Early this week the MenteeCircle from the 30% Club Malaysia Board Mentoring Scheme held a Fireside Chat on “Board Diversity, Sustainability, and Governance”. 


About 100 participants including the mentees from the six cohorts attended the virtual event, to learn from the guest speaker, Rohaizad Darus of Velesto Energy Berhad, speaking passionately about the topic. 


The event started off with an opening address by Tan Sri Zarinah Anwar, Founding Chair of 30% Club Malaysia. She said that Velesto is indeed leading by example, as women directors currently represent 44% of Velesto’s board.


The company, Velesto Energy Berhad which has been included and has scored highly in the FTSE4 Good Bursa Malaysia Index (which rates a company’s ability to manage its ESG issues) is also in the top quartile of Tier 1 for Sustainability Disclosures to Bursa Malaysia. 


On this note, one of the questions that Savita Saigal, the moderator of the Fireside Chat posed:


“It has been and, in some instances, still a challenge for corporations to convince their stakeholders to invest in Sustainability agenda as this requires a financial commitment, planning, and manhours. Stakeholders being profit-driven would rather plow back into the business. 


Therefore, do share with us how Sustainability was introduced into Velesto and what were the challenges you faced with your stakeholders?”


In reply, Rohaizad had elaborated, into three parts


Lead and Manage
– Velesto is fortunate to have Government-related funds (who are our major shareholders), so Sustainability and Governance are part of the business emphasis.

– Convincing the management (top to bottom).

– Building a robust infrastructure to implement the company’s value system and deploying standard practices such as iLEAP, QHSE focus, including implementing cost savings programmes and CSR initiatives.


These approaches have made it easier for the company and people to accept. Having said that, we still face some challenges.


Challenges
– Staff were unfamiliar with the new Sustainability concept and were confused with existing practices, 

– Costs and operations issues compounded 

– Over expectations and concerns on reporting requirements 


Overcoming the Challenges
– Optimised on communication with our staffs at various stages – meetings, townhalls, formal and informal;  

– Continued to allocate budget, albeit at a smaller scale to maintain momentum; 

– Convinced the Operations team on the benefits of Sustainability and its impact on everyone 

-Prioritised on what can be achieved first and managed expectations where necessary   

– Gradually embraced reporting requirements

– Shared experiences with the rest of the world


The Fireside Chat is the second event by the Mentee Circle, a networking group that helps foster better collaboration among mentees and enhances the visibility of board-ready candidates. 

Development Digest: Maximising Knowledge for Development

World Bank Publication Issue 4

Women on Boards in Malaysia


Using firm-level data for 806 public-listed companies in Malaysia, we highlight the extent of women’s participation as board members in Malaysia benchmarked against other countries.

 

How this women’s participation varies by industry and firm-size is considered, along with its potential impact on the company’s performance.

 

About 13 percent of the board positions in Malaysia filled by women and the rest by men in 2017.

 

Moreover, the trend over the last four years reveals a slow pace of increase in the proportion of women board members.

 

The largest 100 firms and some industries such as finance show a greater tendency to have female vs. male board members. The profit rate is significantly positively correlated with proportionately more female board members in a firm, suggesting a “business case” for more women on the boards. 

 

Read here Development Digest: Maximising Knowledge for Development