KUALA LUMPUR: The move to make it mandatory for public listed companies (PLCs) to appoint at least one woman to its board of directors is a much-needed boost to building a more inclusive, diverse and equitable business ecosystem.

"At Tune Protect, we have surpassed the target with two women board members which is above the Malaysian Code on Corporate Governance (MCCG) recommendation of having at least 30% women representation," its group chief executive officer Rohit Nambiar said.

He said furthermore, 40 per cent of members of Tune Protect's senior leadership team are women, which brings us closer towards achieving the group's commitment of having 50 per cent women in the leadership team by 2023.

"This year, the group became a corporate member of the 30 per cent Club Malaysia, a local chapter of a global business-led campaign focused on gender balance on boards and C-suites."

Tune Protect is thrilled to be part of the 30 per cent Club Malaysia and share the platform to further accelerate the diversity and inclusion agenda going forward.

In Malaysia, the Securities Commission has set a target for 30 per cent women to be on the boards of the top 100 listed companies by the end of 2020. However, as at March 2021, there was only 25.6 per cent women members on the boards, which denotes that there is still room for improvement to increase women representation at corporate levels.

-- BERNAMA