|Malaysian Prime Minister Razak announces the new policy of including women.|
Predominantly Muslim Malaysia acts to include women in positions of power.
MALAYSIA'S government says women must hold 30 per cent of top corporate posts by 2016 in a move toward gender equality in the boardroom.
Prime Minister Najib Razak says the new policy is a landmark decision by the Cabinet that will bolster the role of women. He says women currently account for eight per cent of top posts in some 200 listed companies and six per cent in financial institutions.
While your Editor does not approve of affirmative action in general, this program shows that not all Muslim nations are the same. The view the Western nations have of Islam is often flavored by the insane fringe who choose to blow up their fellow Muslims as well as those of other faiths. Malaysia is about 60% Muslim, 20% Buddhist, 10% Christian and 6% Hindu.
The Cabinet has approved a policy that women must comprise at least 30% of those in decision-making positions in the corporate sector.
Companies have been given five years to meet the requirement, Prime Minister Datuk Seri Najib Tun Razak announced here Monday.
He added that the policy was a continuation of a similar one set for the public sector in 2004.
"I believe this landmark and important decision made by the Cabinet last week will be a catalyst to an affirmative action towards gender equality in the corporate sector.
"This decision reflects that the government today is not only supportive towards women's roles and success, but is also encouraging them to further move ahead in their career. It is a landmark decision that will change the role of women in the private sector," he told a press conference at the Parliament lobby.
The Prime Minister added that the five-year timeline was seen as reasonable and expressed hope that the private sector would see this as a pro-active measure to further strengthen the companies' structure and future performance.
He added said the policy for at least 30% women to be in decision-making position in the civil service had been successful, pointing out that ratio had grown steadily to 32.3% last year from 18.8% in 2004.
|Government Minister and Senator Datuk Seri Shahrizat|
Jalil says the new policy will pave the way for qualified
women to fill positions of power.
According to Bank Negara records, only 45 women or 6% were appointed as board members of financial institutions as of April this year.
Najib said to ensure the policy would be executed effectively, the Finance Ministry, with the co-operation of Khazanah Nasional Berhad, Malaysian Alliance of Corporate Directors and Malaysian Directors Academy would formulate training programmes to prepare those with potential for the board of directors' job.
Women hold some top government posts in mainly Muslim Malaysia, including central bank governor and Cabinet positions.
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