KUALA LUMPUR: Citaglobal Bhd aims to comply with Bursa Malaysia’s requirement for public listed companies to appoint at least one woman board member by June 1, 2023.
In May, Citaglobal nominated a woman director to its board. However, the candidate turned down the directorship after much consideration on May 31, as she foresaw a potential conflict of interest that could arise from her appointment.
The company accepted her reasons, and will thus appoint another woman director by the end of June 2023.
“Citaglobal is committed to complying with Bursa’s board diversity requirement and fully embraces the benefits that come with this diversity, such as improved decision making, enhanced ability to attract talent, increased resilience and stronger stakeholder relationships,” Citaglobal said in a filing with Bursa Malaysia.