COMPANIES that appoint one-third women on board displayed 38% higher median return in equity (RoE), compared to corporate boards with no female members, according to a “Malaysia Board Diversity Study and Index” by the Institute of Corporate Directors Malaysia.

AS Malaysia moves towards strengthening of corporate governance (CG) through adoption of codes of conduct and guidelines, establishing a holistic and systematised standard for board diversity is essential for corporate Malaysia.

In this light, the Institute of Corporate Directors Malaysia (ICDM) today launched its inaugural Malaysia Board Diversity Study and Index.

KUALA LUMPUR (April 7): Companies with at least one-third women representation correlate with 38% higher median return on equity (ROE) compared with boards with no women representation, according to a ‘Malaysia Board Diversity Study and Index’ by the Institute of Corporate Directors Malaysia (ICDM).

KUALA LUMPUR: Companies with at least one-third women representation correlate with 38 per cent higher

KUALA LUMPUR, Nov 7 —  Malaysian companies should take a leaf from the government’s approach in prioritising people’s well-being in balancing their financial and social obligations to ensure the sustainability of their business.

Institute of Corporate Directors Malaysia (ICDM) president and chief executive officer Michele Kythe Lim said among other things, companies should incorporate a greater focus on e-commerce and people policies which focus on the well-being of human capital assets.

Summary

1. ICDM and Willis Towers Watson collaborated to launch the inaugural Malaysia Board Diversity Study and Index, which showcased that a more diverse boards on public listed companies (PLCs) tend to perform better, and Malaysia has a lot of room for improvement in many areas/dimensions

PETALING JAYA: There is an urgent need for Malaysian companies to diversify its board of directors’ domain and skill sets beyond the usual business management, accounting and legal practice, according to Willis Towers Watson’s global practice leader – executive compensation and governance managing director Shai Ganu.

PETALING JAYA: Listed companies in Malaysia with a diverse board of directors tend to display stronger financial performance, according to the inaugural Malaysia Board Diversity Study and Index.

KUALA LUMPUR (Nov 7): Malaysian companies should take a leaf from the government’s approach in prioritising people’s well-being in balancing their financial and social obligations to ensure the sustainability of their business.