Malaysia Archives - Page 2 of 11

Securities Commission Malaysia hosts OECD-Asia Roundtable on Corporate Governance

Posted on October 21, 2023November 15, 2023 by 30club-Malaysia

“What is acceptable today may not be acceptable tomorrow” was how Arabesque AI’s CEO Carolina Minio Paluello, PhD closed her remarks at the 30% Club Malaysia “DEI x Climate Ambition” panel, OECD-Asia Roundtable on Corporate Governance at the Securities Commission Malaysia

Today, diversity, equity and inclusion (DEI) is still seen to be a nice to have.

This is evolving as a more conscious generation enters the workforce. The momentum of change will only grow, fuelled by social media and reporting requirements, in turn leading to more informed consumers and investors. Embracing DEI is logical, makes good business sense and underpins good corporate governance.

A broader talent pool is a precursor for innovation to flourish especially in an era where we’re grappling with climate crisis, our panelist Petronas Chief Sustainability Officer Charlotte Wolff-Bye said. Focusing on the right skills, at the right place, and the deployment of technology helps in making the process agnostic.

Our male ally and panelist Suresh Kumar Dass said it was also imperative for the rest of the supply chain to follow through with DEI ambitions, supported by the government by for example, setting a timeframe for compliance on diversity.

Carolina Minio Paluello, PhD shared data to show a correlation between the climate agenda and women on board.

The hope is for regulators to push for investors to look at the data for impactful portfolio construction.

Data is king.

Thank you to our panelists Carolina Minio Paluello, PhDCharlotte Wolff-ByeSuresh Kumar Dass and moderator Ami Moris for this wonderful session, and thank you to the Securities Commission Malaysia for the kind invitation to engage with capital market regulators from 18 countries.

“You can make a difference and you are never alone,”

Posted on October 13, 2023November 15, 2023 by 30club-Malaysia

“You can make a difference and you are never alone.”

That was one key message from this week’s Sesi Bual Bicara Kepimpinan Wanita (Dialogue on Women’s Leadership), under the auspices of the Institut Sosial Malaysia (ISM) and the Ministry of Women, Family and Community Development

30% Club Malaysia Board Mentoring Scheme mentees, Shireen Iqbal and Emi Rice-Oxley were invited to be part of this engaging panel where they shared their successes and motivations.

Including lawyer Fahda Nur Ahmad Kamar and having Dr Wan Nur Ibtisam Wan Ismail as the moderator made the conversation truly enriching.

Thank you to ISM for the kind invitation to talk about the 30% Club Malaysia mission to elevate diversity, equity and inclusion in Malaysia.

Also thank you to Datuk Dr Maziah Che Yusoff, Secretary General and Dr Wan Nur, Director General of the Ministry of the Ministry of Women et; Dr Faridah Awang, Director of ISM for your unwavering support.

These events and platforms are essential for fostering dialogue, sharing experiences, and inspiring women to go further.

The 30% Club is indeed grateful to be part of this precious opportunity.

30% Club Malaysia and Heriot-Watt University Malaysia host “Equipping Leaders, Bridging Gaps” celebration

Posted on September 26, 2023November 15, 2023 by 30club-Malaysia

The 30% Club Malaysia and Heriot-Watt University Malaysia in collaboration with Edinburgh Business School, Heriot-Watt University today hosted the “Equipping Leaders, Bridging Gaps” celebration, a tribute to our remarkable past and present scholars who were recipients of the “Shaping Entrepreneurial Women” scholarship which was incepted in 2017.

Guests were privileged to have heard from a panel of inspirational scholarship recipients who shared heartfelt stories of their journeys towards completing their MBA programs.

These stories underscored the profound impact that life’s circumstances can have on one’s path, and the determination to empower not just themselves but women like them.

Prof. Mushtak Al-Atabi, Provost and CEO of Heriot-Watt University Malaysia, spoke about the legacy of purpose-driven women leaders at the university, stretching back over two centuries when it all began with Mary Burton, who successfully campaigned for the admission of women students on equal terms to men in 1869, twenty-three years before legislation required Scottish universities to do so.

Dato’ Ami Moris further highlighted how the scholarship aligns with the 30% Club’s role in activating Chairs and CEOs of companies to the 30% Club objectives, while nurturing a community of empowered women leaders that inspire others through an alliance built upon shared purpose and values, and where gender diversity is a norm.

Our heartfelt gratitude goes out to our scholars Sharmila Gunasekaran, RPh, MBA, Catherine M. and Sarania Sukumaran who candidly shared their experiences of how the scholarship has transformed their lives, providing hope and lighting their path forward.

We also extend our thanks to our moderator, Vani Mahadevan for skillfully bringing out these powerful stories that resonated well with our audience.

Congratulations Cohort 8!

Posted on September 13, 2023November 15, 2023 by 30club-Malaysia

Early last month, the 30% Club Malaysia celebrated the completion of Cohort 8 of the 30% Club Malaysia’s Board Mentoring Scheme.

The nine-month journey for the Cohort 8 was transformative. While the primary goal was to prepare for board roles, it naturally evolved into a process of self-discovery.

The cohorts had the opportunity to recognise their strengths, summon the courage to step out of their comfort zones, and make intentional career decisions that aligned with their core values and ambitions.

During the event, the 30% Club Malaysia also warmly welcomed Cohort 9 into the fold of their Board Mentoring Scheme. The occasion was graced by the presence of distinguished guests, including Tan Sri Abdul Wahid Omar, Chair of Bursa Malaysia, and WWF Malaysia.

Get on Board with Deloitte’s Board-Ready Women Programme

Posted on September 7, 2023November 15, 2023 by 30club-Malaysia

Deloitte Malaysia launched its inaugural Board-Ready Women Programme 2023 in partnership with the Institute of Corporate Directors Malaysia, Boardroom Malaysia, and the 30% Club Malaysia.

The Board-Ready Women Programme, an initiative under the Global Boardroom Programme, aims to prepare and position aspiring women for board placements, equipping them to be effective in their roles.

In Malaysia, Siti Hajar Osman is the CoLeader for the Global Boardroom Programme and will be leading this Board-Ready Women Programme.

At the programme’s launch event, Datuk Ami Moris, Chair of 30% Club Malaysia, addressed the state of women in Malaysian boardrooms.

She highlighted the remarkable achievement of women now holding slightly over 30% of board seats in the top 100 publicly listed companies on Bursa Malaysia. This milestone underscores a significant step towards gender parity and a growing acknowledgment of the immense value diversity brings to the corporate world.

In her speech, she emphasised, “Collectively, Corporate Malaysia can be a force for good to create a more cohesive society, as envisaged by the Madani Economy, where every individual has equitable opportunities to contribute and thrive.”

The programme comprises four interactive modules conducted over two months, each delving into critical aspects of governance, personal attributes, live boardroom simulation, and leadership qualities.

These are :

Session 1: (that took place on 6 September): Governance & Technical, which will provide an introduction to key corporate governance & technical principles as well as the legal aspects for the role.

Session 2: Personal Attributes, will focus on building a personal brand, navigating board dynamics and leveraging on mentorship to accelerate the board journey.

Session 3: Live Boardroom Simulation, will be a mock boardroom simulation and breakout session with feedback and guidance on some leading practices from the facilitators.

Session 4: Inspired Board-Ready Women and Graduation, the final session will cover the importance of board diversity, shed light on the current barriers that exist for women as well as provide valuable advice to help prepare participants for their board journey.

To commemorate the successful completion of the series, a graduation celebratory luncheon will be hosted.

Participants in this programme will gain invaluable insights into the latest industry trends, technical thought leadership, and essential soft skills necessary for women leaders to excel in the boardroom.

They will also have the opportunity to network and share knowledge with senior board members, industry experts, and seasoned professionals, setting the stage for a brighter, more inclusive future in corporate leadership.

Shaping Entrepreneurial Women Scholarship

Posted on August 28, 2023September 9, 2023 by 30club-Malaysia

The story of the Heriot-Watt University Malaysia – 30% Club Malaysia scholarships begins in 2010, when Dame Heather McGregor, alongside a determined group of women, ignited the spark that would become the 30% Club UK in the UK. The 30% Club was launched in Malaysia on 8 May 2015.

In 2016, Dame McGregor became part of the Heriot-Watt University family. With a campus thriving here in Malaysia and the local chapter of the 30% Club making strides, she saw an opportunity to create the Shaping Entrepreneurial Women Scholarship that would empower Malaysian women to pursue an MBA, thus equipping them for the leadership roles of tomorrow.

These scholarships that are not just about education, but about equipping future leaders with the skills, knowledge, and confidence to be better leaders within Corporate Malaysia

An MBA is a proven pathway to building successful careers so together Heriot-Watt University Malaysia & the 30% Club Malaysia, established an annual woman scholarship with the end game to increase women representation at senior levels of business.

This partnership with Heriot-Watt University is in line with the our objective of strengthening the female boardroom pipeline to ensure that we get better gender balance in the boardrooms and senior management of Malaysian corporates.

The next intake is in January 2024 so we encourage women employed in our Corporate Members’ organisation to apply when for the scholarships when the notice goes out later this year.

Recently, several members of the 30% Club Malaysia Steering Committee(SteerCo) met some of the scholars. We delved into their stories, learned about their journeys, and shared updates about the ongoing progress of the 30% Club Malaysia. Beyond just scholars, they are advocates of a business-led revolution, champions of change in their own right.

Our heartfelt gratitude goes out to AFFIN Group for hosting us at the spectacular Menara Affin in TRX. A shout out goes out to the two participants of the recently concluded Accelerate Wahine 100MYR StartUp Competition, an educational entrepreneurship competition.

They prepared some scrumptious snacks for all to enjoy during tea. This competition was supported by some of the SteerCo & volunteer advocates of 30% Club Malaysia.

Over tea and treats, we shared laughter, stories, and dreams. Because empowerment isn’t just about numbers; it’s about connections!

Research Collaboration with Monash University Malaysia

Posted on August 26, 2023September 8, 2023 by 30club-Malaysia

30% Club Malaysia is thrilled to share a dynamic research collaboration with Monash University Malaysia’s School of Business.

What started as a serendipitous meeting between our Co-Lead of the Influence Pillar, Rejina Rahim, and Professor Grace Hooi, Head of the Economics Department, at a March 2022 event, has blossomed into something remarkable.

The result of which is one of the PhD students took on the research to examine the impact of female representation at decision-making levels on corporate performance on Bursa Malaysia’s public-listed companies (PLCs).

The research found that for every 10-percentage point increase in the representation of women on boards and female executives, there was a significant improvement of 1.4% and 1.2% on the return on investment.

30% Club Malaysia strongly believes that the path to getting Malaysia’s economic engine fired up for a sustainable future lies in empowering all segments of society.

A path towards gender parity and the all-encompassing stakeholder economy has the potential of contributing up to USD50 billion to Malaysia’s GDP according to McKinsey’s Global Institute study in 2018. With this recent finding by Monash University. Malaysia alongside the growth of women representation on Bursa’s PLCs, we hope to see that the ROI numbers grow in tandem for the benefit of all.

Read about it here. Also read about Navigating the Gender Pay Gap: Occupational Insights and Business Strategies in Malaysia here

Views: Invisible factors give rise to persistent workplace inequality

Posted on July 20, 2023August 4, 2023 by 30club-Malaysia

Diversity, equity and inclusion efforts would not live up to their promise if we’re blind to the invisible factors that hold people back from fully participating in the economy, workplace and school.

Yi-Ren Wang , Assistant Professor of Organisational Behaviour at Asia School of Business illustrates this in her op-ed, part of a series of thought leadership pieces, Equity, Equality & Prosperity, in collaboration with The Edge and the 30% Club Malaysia.

Read about it in The Edge ESG section here.

30% Club Malaysia Celebrates a Milestone for Gender Diversity in Corporate Malaysia

Posted on July 18, 2023July 18, 2023 by 30club-Malaysia

- – Achieved 30% women board representation on aggregate for top 100 PLCs

- – Aims to achieve gender parity in boardrooms of all PLCs by 2030

- – Appoints new strategic pillar leads and creative agency to support ambition

Kuala Lumpur, 13 July 2023 – A significant milestone has been achieved in
Corporate Malaysia with women holding 30.6% of board seats of the top 100 public
listed companies (PLCs) and close to 25% of seats of all PLCs on Bursa Malaysia,
based on data provided by the Securities Commission.

The achievement, proclaimed as a first step for meaningful gender diversity on
Malaysia’s boards, was achieved on 1 June 2023, six months ahead of the 30% Club’s
target date of 31 December 2023.

Dato’ Ami Moris, Chair of the 30% Club Malaysia and Advisor at Maybank Group said,
“The 30% representation is seen to be a tipping point in providing women leaders with
an influential voice, and for boards to move closer to gender parity. The biggest jump
in women on board representation was recorded from 2021 due to Bursa’s Listing
Requirements for all PLCs to have at least one woman director by 1 June 2023,
supported by the collective action of leaders of Diversity, Equity and Inclusion (DEI).”

“There is increasing push for DEI efforts to serve Environmental, Social and
Governance (ESG) imperatives. As it evolves, DEI is about winning the battle for talent
to future proof organisations for growth and innovation. Numerous studies have shown
that companies with more diverse boards tend to outperform and are ahead on
achieving their climate action goals. Investors are likewise scrutinising boards for their
diversity.”

Stepping up on ambitions and goals

Building on the momentum for diversity, the 30% Club aims to help catalyse more
PLCs to achieve 30% women representation on boards. As of 1 June 2023, 45 of the
top 100 and over 700 of all PLCs have yet to do so.

Dato’ Ami said, “When the 30% Club was established in Malaysia in 2015, its 30%
goal was thought to be highly ambitious. As comparison in the UK, women now hold
nearly 40% of board seats of FTSE100 companies. Our next target is for parity of men
and women on all PLCs by 2030. It’s a huge ambition, but not one that we shy away
from.”

The continued success of the 30% Club Malaysia is attributed to leveraging its three
strategic pillars:

● Activate Pillar – Activating Corporate Advocates that are interested in leading
and signalling their DEI efforts. To date, 51 organisations have joined the 30%
Club campaign. This year they include institutional investors, Khazanah
Nasional Berhad and Permodalan Nasional Berhad (PNB).

● Influence Pillar – Engaging key stakeholders to embed DEI in public policies
and advocate for DEI across their ecosystems. The 30% Club had worked with
the Institutional Investors Council (IIC) to include 30% women on board
representation in its revised Malaysian Code for Institutional Investors.

● Enable Pillar – Building a sustainable pipeline of board-ready women leaders
and professionals through various initiatives such as the Board Mentoring
Scheme in collaboration with PwC. Since 2017, 106 women have been
mentored, and 41% of them have secured board positions.

Since October 2021, the 30% Club Malaysia received active support from Maybank,
its corporate sponsor. that marked a new chapter in the business-led campaign’s
journey.

Dato’ Ami added, “As more companies embrace DEI, the demand for board-ready
women candidates is set to accelerate. Increasingly, we are seeing more women with
sustainability, digital technology and international background securing board seats.”

“I would urge companies to move from mentoring to sponsoring women leaders in the
boardrooms and senior leadership. This involves more active and concerted efforts to
get women with the right competencies and skillsets to the right seats.”

Appointing new leadership and resources

Committed to strengthening and sustaining its business campaign, the 30% Club
Malaysia is also pleased to announce its new steering committee with effect 1 July
2023, comprising the following. INED is Independent Non-Executive Director. ED is
Executive Director.

Chair: Dato’ Ami Moris, Advisor, Maybank Group

● Activate Pillar, led by
Marzida Mohd Noor, INED, Affin Bank

- Frances Po, INED, Sentral REIT Management
- ● Influence Pillar, led by
  Rejina Rahim, Co-Founder, Wahine Capital

- Ar. Ahila Ganesan, INED, Velesto Energy

- Low Ngai Yuen, INED, GDEX and OCK
- ● Enable Pillar – talent engagement led by

- Raj Kumar Paramanathan, Managing Partner, CnetG Asia

- Geetha Kandiah, CEO, KASS International
- ● Enable Pillar – Board Mentoring Scheme led by
  Pauline Ho, Partner, PwC Malaysia

- Norlela Baharudin, ED, Berjaya Corporation, and INED, Prokhas

- Shireen Iqbal, CEO and ED, Alpha REIT Managers, and INED, UM Properties

- New co-leads in their respective pillars.
- The committee includes the Marketing, Communications and Secretariat leads:

- Noelle Lim, Maybank Investment Banking Group

- Jacinta Vythilingam, Spinmeister Communications

- Syaheera Abdul Hamid, Maybank Investment Banking Group

- Wan Mazlina Wan Mustafa
- The 30% Club is also pleased to announce that TBWA\Malaysia, part of the
  TBWA\Worldwide creative collective, has come onboard to assist with creative and
  campaign efforts. TBWA has been named by Fast Company as one of the world’s
  most innovative companies in 2023, for the fifth year in a row since 2019.
- Dato’ Ami said, “The skills and experiences of the new steering committee and
  professionals reflect the intensity of the 30% Club’s work going forward. On this note,
  I wish to thank the previous committee members for their dedication and invaluable
  contribution in laying the foundation for success. They have played an instrumental
  role in shaping the direction of the Malaysian chapter of the 30% Club, and serve as
  an inspiration to all of us. They remain as stalwart advocates.”
- The steering committee takes advice and guidance from the Advisory Council
  comprising Tan Sri Zarinah Anwar, Tan Sri Dr Jeffrey Cheah, Dato’ Abdul Aziz Abu
  Bakar, and Anne Abraham.

Great evening of networking and sharing on ‘Inspiring Allyship’

Posted on July 18, 2023July 18, 2023 by 30club-Malaysia

Last month our Corporate Member AMCHAM Malaysia (American Malaysian Chamber of Commerce) along with 30% Club Malaysia hosted “Inspiring Allyship”. It was a special networking event to bring together corporate leaders, professionals, and advocates who share a common vision of cultivating a more inclusive corporate landscape.

The evening began with a welcome address by Siobhan Das Bachran (贝诗凡) CEO, AMCHAM. Our Chair, Dato’ Ami Moris then shared with us some insights about what’s needed to move the needle further to improve gender DEI on company boards and at senior management levels within Corporate Malaysia.

She also shared the good news that as at June 2023, women occupy 31% of the top 100 PLCs’ board seats in Malaysia. This was to have been achieved by the end of 2023, but advocacy and regulation have helped bring this forward! Now begins our journey to parity with more male allies on board.

Three corporate leaders who are male allies also shared their thoughts and experiences about Male Allyship. In the context of diversity, equity, and inclusion (DEI), a male ally refers to a man who actively supports and advocates for gender equality and works to dismantle gender-based biases and discrimination.

Male allies recognise the systemic barriers and inequities that women and other marginalised genders face and take action to promote a more inclusive and equitable environment.

We heard from Ahmad Shahriman M. CEO, CIMB Islamic Bank who shared with us about “Unlocking the power of male allyship”. This was followed by Rohit Nambiar, Group Chief Executive Officer, Tune Protect Group who enlightened us about “Allyship In Action. Then, Dato’ Sri Idris Jala, CEO, PEMANDU Associates shared his thoughts on “Managing Polarities” and ended his presentation with a mash up of two Blues songs. One an original composition “Hey Brother, Hey Sister” and the Eric Clapton classic “Before You Accuse Me (Take a look at yourself)”.

There was also a brief Q & A with all three speakers that may spur more male allies to join us on our journey to parity.

Tag: Malaysia