The 30% Club Malaysia has announced that TBWA\Malaysia, part of the TBWA\Worldwide creative collective, has come onboard to assist with creative and campaign efforts. TBWA has been named by Fast Company as one of the world’s most innovative companies in 2023, for the fifth year in a row since 2019.
A significant milestone has been achieved in Corporate Malaysia with women holding 30.6% of board seats of the top 100 public listed companies (PLCs) and close to 25% of seats of all PLCs on Bursa Malaysia, based on data provided by the Securities Commission.
The achievement, proclaimed as a first step for meaningful gender diversity on Malaysia’s boards, was achieved by 1 June 2023, six months ahead of the 30% Club’s target date of 31 December 2023.
Dato’ Ami Moris, Chair of the 30% Club Malaysiaand Advisor at Maybank Group (picture) says, “The 30% representation is seen to be a tipping point in providing women leaders with an influential voice, and for boards to move closer to gender parity.
The biggest jump in women on board representation was recorded from 2021 due to Bursa’s Listing Requirements for all PLCs to have at least one woman director by 1 June 2023, supported by the collective action of leaders of Diversity, Equity and Inclusion (DEI).”
Building on the momentum for diversity, the 30% Club aims to help catalyse more PLCs to achieve 30% women representation on boards. As of 1 June 2023, 45 of the top 100 and over 700 of all PLCs have yet to do so.
Dato’ Ami adds, “When the 30% Club was established in Malaysia in 2015, its 30% goal was thought to be highly ambitious. As comparison in the UK, women now hold nearly 40% of board seats of FTSE100 companies. Our next target is for parity of men and women on all PLCs by 2030.”
The 30% Club is a global business-led campaign founded in the UK to advocate for gender parity in boardrooms and senior leadership.