Abdul Wahid mooted a mandatory DEI disclosure policy as one of six proposals to increase Bumiputera economic participation. — Malay Mail photo
PUTRAJAYA (March 1): Former minister Tan Sri Abdul Wahid Omar today suggested a policy to require companies to disclose how diverse and inclusive their workforce are, a proposal the Bursa Malaysia chairman believed could nudge employers to hire more Bumiputera.
Speaking at the seventh Bumiputera Economic Congress here, Wahid mooted a mandatory DEI disclosure policy as one of six proposals to increase Bumiputera economic participation, a key target set decades ago but is yet to be met.
DEI, the initials for “diversity, equity and inclusivity,” has become a key criterion for investment in a market where investor-activists are growing in numbers. Some of the biggest blue-chip companies in the world have DEI hiring policies to accommodate people from less privileged communities.
Wahid suggested a mandatory DEI disclosure could incentivise Malaysian companies to employ more Bumiputera since a diverse workforce could draw more investments. — Malay Mail
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