Malaysia mandates companies to have at least one woman director

Malaysia's publicly traded firms must have at least one woman director on their boards starting next year, as the government seeks to ensure more female oversight on running companies in the country. The proposal will take effect from September 1, 2022 for large capital companies, and June 1, 2023 for other listed companies, Finance Minister Zafrul Abdul Aziz said on Friday as he delivered the nation's spending plan for next year. The move is aimed at "recognizing the role of women in the decision-making process and strengthening leadership as well the effectiveness of the board of directors," Zafrul said.