PETALING JAYA: Only three sectors have succeeded in surpassing the 30 per cent target for women in decision-making positions.
These are the consumer products, property and financial services sectors, said Minister in the Prime Minister’s Department Abdul Rahman Dahlan.
“While this represents significant progress, there is still a lot of room for improvement.”
Rahman also said there had been a substantial improvement in the number of women in top management positions in the top 100 public-listed companies (PLC).
He said based on the annual reports of the top 100 PLCs, women held 28 per cent of top management positions, compared with 24 per cent in 2013.
“The analysis also found that 26 per cent of the top 100 PLCs have no women representation at the board level and 14 per cent have no women representation in the top management positions.”
In 2014, Bursa Malaysia made it compulsory for all PLCs to disclose their diversity policy for their board and staff in their annual reports from January 2015 onwards.
Prior to that, companies were only required to disclose their diversity policies in terms of gender in their annual reports.
On the issue of more women in the workforce, Rahman said initiatives launched by Putrajaya to increase female particpiation in the labour force had yielded some success, but there was still room for improvement.
He said the initiatives included tax incentives, promotion of flexible work arrangements and family-friendly benefits.
They, together with TalentCorp’s Career Comeback programme, had seen an increase in female participation from 47 per cent to 54 per cent in five years.
This, he said translated into an additional 700,000 women joining the workforce.