Gender Boardroom Quotas: A Survey of Malaysian Corporate Directors

A number of countries have introduced gender boardroom quotas by which firms are required to appoint at least a certain number or proportion of women to their boards. Subsequently, the government of Malaysia, in 2011, introduced the policy of having at least 30 percent women on corporate boards. T...

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Main Authors: Ku Nor Izah Ku Ismail, Intan Maiza Abd Rahman, Ifa Rizad Mustapa, Shamsul Nahar Abdullah
Format: Article
Published: Universiti Malaysia Sarawak (UNIMAS) 2019
Subjects:
Online Access:http://www.ijbs.unimas.my/index.php
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author Ku Nor Izah Ku Ismail,
Intan Maiza Abd Rahman,
Ifa Rizad Mustapa,
Shamsul Nahar Abdullah,
author_facet Ku Nor Izah Ku Ismail,
Intan Maiza Abd Rahman,
Ifa Rizad Mustapa,
Shamsul Nahar Abdullah,
author_sort Ku Nor Izah Ku Ismail,
building OUM Institutional Repository
collection Online Access
description A number of countries have introduced gender boardroom quotas by which firms are required to appoint at least a certain number or proportion of women to their boards. Subsequently, the government of Malaysia, in 2011, introduced the policy of having at least 30 percent women on corporate boards. This study seeks the opinion of corporate directors on whether they are supportive of the policy. In addition, we examine if the characteristics of the respondents influence their opinion. A questionnaire survey was conducted on a sample of 84 directors who sit on the boards of listed companies in Malaysia. A majority of the respondents believe that there should not be any quota for both genders. Some of the respondents comment that it is not gender that matters; what is more important is the quality of individuals who sit on the board. We find that women are indifferent, while a majority of the men do not agree with the policy. In addition, directors who have a family relationship with any other directors tend not to favour the policy, compared to those who do not have any family relationship. We also find that a majority of the respondents do not agree that women directors could enhance firm financial performance and social responsibility activities; neither do a majority of them agree that women could curb unethical conducts. This study is important to the policymakers in that the results provide insights on the issue of whether the 30 percent quota is necessary. (Abstract by authors)
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spelling oai:eprints.oum.edu.my:12032020-06-21T07:43:02Z Gender Boardroom Quotas: A Survey of Malaysian Corporate Directors Ku Nor Izah Ku Ismail, Intan Maiza Abd Rahman, Ifa Rizad Mustapa, Shamsul Nahar Abdullah, HD28 Management. Industrial Management A number of countries have introduced gender boardroom quotas by which firms are required to appoint at least a certain number or proportion of women to their boards. Subsequently, the government of Malaysia, in 2011, introduced the policy of having at least 30 percent women on corporate boards. This study seeks the opinion of corporate directors on whether they are supportive of the policy. In addition, we examine if the characteristics of the respondents influence their opinion. A questionnaire survey was conducted on a sample of 84 directors who sit on the boards of listed companies in Malaysia. A majority of the respondents believe that there should not be any quota for both genders. Some of the respondents comment that it is not gender that matters; what is more important is the quality of individuals who sit on the board. We find that women are indifferent, while a majority of the men do not agree with the policy. In addition, directors who have a family relationship with any other directors tend not to favour the policy, compared to those who do not have any family relationship. We also find that a majority of the respondents do not agree that women directors could enhance firm financial performance and social responsibility activities; neither do a majority of them agree that women could curb unethical conducts. This study is important to the policymakers in that the results provide insights on the issue of whether the 30 percent quota is necessary. (Abstract by authors) Universiti Malaysia Sarawak (UNIMAS) 2019 Article PeerReviewed text https://library.oum.edu.my/repository/1203/1/624-gender-boardroom-quotas-a-survey-of-malaysian-corporate-directors http://www.ijbs.unimas.my/index.php Ku Nor Izah Ku Ismail, and Intan Maiza Abd Rahman, and Ifa Rizad Mustapa, and Shamsul Nahar Abdullah, (2019) Gender Boardroom Quotas: A Survey of Malaysian Corporate Directors. International Journal of Business and Society, 20 (3). pp. 968-983. https://library.oum.edu.my/repository/1203/
spellingShingle HD28 Management. Industrial Management
Ku Nor Izah Ku Ismail,
Intan Maiza Abd Rahman,
Ifa Rizad Mustapa,
Shamsul Nahar Abdullah,
Gender Boardroom Quotas: A Survey of Malaysian Corporate Directors
title Gender Boardroom Quotas: A Survey of Malaysian Corporate Directors
title_full Gender Boardroom Quotas: A Survey of Malaysian Corporate Directors
title_fullStr Gender Boardroom Quotas: A Survey of Malaysian Corporate Directors
title_full_unstemmed Gender Boardroom Quotas: A Survey of Malaysian Corporate Directors
title_short Gender Boardroom Quotas: A Survey of Malaysian Corporate Directors
title_sort gender boardroom quotas: a survey of malaysian corporate directors
topic HD28 Management. Industrial Management
url http://www.ijbs.unimas.my/index.php
http://www.ijbs.unimas.my/index.php