KUALA LUMPUR – Tune Protect Group Berhad, “Tune Protect”, is now officially one of the corporate members of the 30% Club Malaysia, a local chapter of a global business-led campaign focused on building an ecosystem of businesses to promote diversity, equity, and inclusion that focuses on gender balance on boards and C-suites.
This is in line with two of Tune Protect’s sustainability commitments in achieving 50% of women representation in leadership roles by 2023 and 50% of critical role will have successors identified from within the organisation itself by undergoing a talent review exercise to earmark future leaders and map out their career progression.
Rohit Nambiar, Group Chief Executive Officer of Tune Protect, stated that 40% of members of the Tune Protect’s Senior Leadership team are women, meaning they are getting closer to achieving the group’s commitment towards equality and inclusivity.
In Malaysia, Securities Commission has set a target for 30% women to be on the Boards of the top 100 listed companies by the end of 2020, however, as of March 2021, there is only 25.6%1 women on the Boards, which denotes that there is still room for improvement to increase women representation at corporate levels.
“At Tune Protect, we have surpassed the target with a 40% representation of women in our Board and will continue to be an advocate in promoting diversity, equity, and inclusion.”
In achieving its commitment by 2023, Tune Protect has finalised the definition of the leadership team earlier this year and will be rolling out curated individual development plans for the identified women leaders by the year end. They have also planned a diversity deep dive exercise which will also look at women representation across various levels within the organisation.
Launched in May 2015, the 30% Club Malaysia aims to activate Chairs and CEOs in corporates to be visible in adopting diversity, equity, gender balance, and inclusion best practices in their organisations as well as engage wider stakeholders with market influence through its activities.
Tune Protect seeks to employ those who will positively contribute objectives and core values of the organisation. Its hiring practices are guided by the principles of merit such as skills, knowledge, and behaviours, and in full support of a diverse workforce, regardless of gender, race, ethnicity, and age, among others.
“We want to create diversity within our team and through this collaboration with the 30% Club Malaysia, we believe that we will be able to provide the platform in building talent amongst our women and offer opportunities across different levels of our organisation including senior leadership positions,” Rohit concluded.