30% Club wants clear policies on participation

From left: Chair of the 30% Club Malaysia and CEO of Maybank Investment Banking Group Datuk Ami Moris, Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz and IIC council member Lya Rahman.

PETALING JAYA: The Institutional Investors Council (IIC) Malaysia hopes to see 30% women representation on investee companies within three years in support of the Diversity, Equity & Inclusion (DEI) agenda under its revised Malaysian Code for Institutional Investors 2022, which is to be published on Sept 23, 2022.

Under the revised code, investee companies of IIC members, which includes seven government linked investment companies (GLICs), must have clear policies to support the participation of at least 30% women on the board and in senior management, and the board must demonstrate commitment to take concrete action to implement these policies.