SC: Gender diversity improving on boards

By TMR / Pic By MUHD AMIN NAHARUL

The representation of women has risen to 19.2% of board seats on the top 100 listed companies on Bursa Malaysia, from 16.6% as at Dec 31, 2016.

As at Jan 17, 2018, there are only seven companies with all male boards, a 65% improvement from 20 companies as at end-2016, the Securities Commission Malaysia (SC) noted in a release yesterday.

The seven remaining companies are Affin Holdings Bhd, Alliance Bank Bhd, Batu Kawan Bhd, Fraser & Neave Holdings Bhd (F&N), Genting Plantations Bhd, Genting Malaysia Bhd and UOA Development Bhd.

The SC added that it had engaged these companies and some are taking steps to identify suitable candidates to secure women participation on their boards.

F&N intends to nominate two women candidates to be appointed as board members in their upcoming AGM, the regulator noted.

Moving forward, the SC will review and analyse corporate governance disclosures to monitor the level of implementation of corporate governance practices, including gender diversity.

These observations will be published by the SC through periodic corporate governance thematic reports.

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