KUALA LUMPUR, March 27 — The pandemic-prompted change in working practices has brought about only slight progress for women in senior positions at corporate organisations in...
KUALA LUMPUR, March 27 — The pandemic-prompted change in working practices has brought about only slight progress for women in senior positions at corporate organisations in Malaysia, according to a recent report.
She also said that research has found that working models have a significant impact on the number of women in senior management. Tan said amid a global skills shortage and talent crisis, businesses that adopt flexible working models may also reap the benefits of improved cross-border working and access to a larger talent pool such as people with disabilities, those living in geographically remote locations or people seeking better work-life balance.
In order to attract more women on board, Tan recommended that businesses focus their attention on developing more transparent pathways to leadership across recruitment, promotions and performance. She said in Malaysia more companies are adopting ESG practices to demonstrate their commitment to sustainability, which includes a growing focus on gender equality in senior leadership positions.
(DEI is an essential element to measure an organisation’s good corporate governance. Beginning 2014, all public-listed companies [PLCs] were required by Bursa Malaysia to establish and disclose in their annual reports their DEI policies, covering both male and female employees regardless of their age, race, abilities and disabilities.
“PLCs should also elevate the quality of strategic deliberations required to make companies resilient, sustainable and successful. Studies have shown there is a correlation between the financial performance of companies and the diversity of their boards,” she said.
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