Malaysians mean salaries and wages dipped 9% last year, first decline since 2010 channelnewsasia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from channelnewsasia.com Daily Mail and Mail on Sunday newspapers.
According to studies, having more women in senior decision-making roles has a positive correlation with the company’s financial performance. 123rf.com
DESPITE their presence within different tiers of corporate organisations, there is a clear dearth of women in senior decision-making roles in Malaysia.
The numbers look superficially good. According to the Grant Thornton International Business Report (IBR): Women in Business 2020,90% of businesses in Malaysia have at least one woman in senior management, above the global percentage of 87%. Women also make up 33% of positions in the senior management teams within companies in Malaysia, above the global percentage of 29%.
However, the IBR report also showed that only 60% of Malaysian businesses are actively working on removing barriers to gender parity at senior levels, the lowest number in Asean. Vietnam has the highest number of businesses taking action at 100% followed by Indonesia at 99%, the Philippines at 94%, Singapore at 7
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