KUALA LUMPUR: The percentage of women on the boards of Bursa Malaysia's top 100 public listed companies has increased to 19.1%, said 30% Club Malaysia.
The 30% Club Malaysia, a business group campaigning for more female directors on company boards, said only 95 out of 928 listed companies has achieved 30% women board representation, while 372 companies has not had a single woman at all on their boards.
Club advisory co-chair Datuk Mohaiyani Shamsudin said while more diverse boards would lead to stronger business performance, the pace of change in Malaysia had not been as fast as the Government had hoped.
Prime Minister Datuk Seri Najib Tun Razak had said that public-listed companies with no women on their boards from 2018 would be named and shamed and risk losing out on government contracts, she said in a statement.
Another co-founding chair Anne Abraham said with the Government's conviction, there were chances Malaysia would reach the 30% target by 2020, through the participation of public and private institutions of higher learning, corporate boards, and a pool of qualified women. — Benama