100 firms set to achieve 30pc women participation target

August 2017. Daily Express.

“The Securities Commission Malaysia (SC) is on track to achieve its target of 30 per cent women participation on boards of top 100 companies on Bursa Malaysia with the launch of the Malaysian Code on Corporate Governance (MCCG). Spokesperson for the SC-organised MCCG Roadshow, Kasturi Nathan, said the newly enhanced code would promote greater women participation on boards, that would comprise at least 30 per cent women directors. Kasturi who is KPMG executive director said currently, there are still 17 of the top 100 companies that comprise all male directors and efforts had been done for them to appoint women on boards. ‘Study has shown that productivity level of companies with all male on board is lower compared to companies with boards of at least 30 per cent women participation,’ she said during the SC MCCG roadshow here yesterday. She said the first batch of companies required to report their application of the code would be those with financial years ending Dec 31, 2017.”

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