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PwC Malaysia, MARii sign pact to facilitate automotive sector knowledge exchange and advancement
PwC Malaysia, MARii sign pact to facilitate automotive sector knowledge exchange and advancement

The Sun

time19-05-2025

  • Automotive
  • The Sun

PwC Malaysia, MARii sign pact to facilitate automotive sector knowledge exchange and advancement

PETALING JAYA: PwC Malaysia and the Malaysia Automotive Robotics & IoT Institute (MARii) yesterday signed a memorandum of understanding (MoU) to advance the automotive sector in Malaysia and the broader Asean region. The MoU signed at the PwC Automotive Asean Conference formalises a partnership that facilitates knowledge exchange and industry advancement between PwC Malaysia and MARii. This partnership is designed to consolidate Malaysia's stature within the global automotive industry, bolster Malaysia's initiatives and leadership during its tenure as Asean Chair and deliver data-centric insights that underpin Malaysia's automotive policy formulation and investment strategies. PwC Malaysia executive chair Nurul A'in Abdul Latif said: 'The automotive industry is undergoing profound change driven by shifts in technology, regulation, investment priorities and consumer preferences. This MoU creates a foundation for more meaningful exchange between policy and industry, helping ensure that efforts are grounded in insight, promotes upskilling through knowledge sharing, and aligned with national priorities. We are excited to partner with MARii to drive industry transformation and provide advisory support, through our expertise in automotive deals ranging from strategic planning to execution and post-deal integration.' MARii CEO Azrul Reza Aziz said Malaysia's long-term industrial strength will depend not only on scale alone, but on their ability to shape and sustain ecosystems that are cohesive and forward-looking. As mobility technologies evolve, he added the country's priority is to ensure innovation translates into real industrial capability and by partnering with PwC Malaysia, they are adding deeper data capabilities and global perspectives to their work, so that national policies can be more responsive to real market trends and investor needs. The conference convened regional PwC leaders and industrial key players to discuss cutting-edge strategies redefining the industry's future, as well as exploring four major trends reshaping the automotive industry – electric, shared, connected and autonomous driving – along with sustainability issues such as the circular economy.

New push for gender parity in leadership
New push for gender parity in leadership

The Sun

time11-05-2025

  • Business
  • The Sun

New push for gender parity in leadership

KUALA LUMPUR: In a bold step towards achieving gender-balanced leadership, the 30% Club Malaysia has launched the Men Allies for Parity initiative, marking its 10th anniversary with a renewed push for systemic change. The initiative aims to engage male leaders in boardrooms, C-suites and policymaking roles as active partners in advancing women's representation at the highest levels of corporate leadership. Announced during the club's anniversary celebration on Thursday, the initiative calls on men to pledge real, measurable actions to support gender parity through sustained leadership and accountability. 'The initiative shifts from advocacy to action, with male allies making a pledge to show their commitment to advancing women's representation in top decision-making roles, including boardrooms and senior management,' said the club's chair and PwC Malaysia executive chair Nurul A'in Abdul Latif. According to Securities Commission Malaysia, women currently hold 33.1% of board seats in the top 100 public-listed companies (PLC) on Bursa Malaysia, a significant rise from 14% in 2015. Across all the PLC, women now make up 28% of board members. Nurul emphasised that the movement is about creating an environment where the best talent, regardless of gender, can thrive. 'This is not about tokenism or compliance. The Men Allies for Parity movement recognises the value that equity brings for both men and women. 'The support of men in our network is not just welcome, but essential on the path to parity,' she said. The Men Allies for Parity pledge outlines specific commitments, including endorsing high-potential women for leadership roles, ensuring women are considered in board and executive searches, setting internal representation targets and publishing transparent data on gender composition and career progression. A light-touch monitoring framework is being developed to track progress through peer accountability and public transparency. Progress will be highlighted through case studies and success stories to promote learning and encourage broader adoption among companies. The initiative aligns with the club's 2025 theme, Shaping an Inclusive Future, which envisions a future in which gender equality forms the foundation of organisational and societal success. Also present was Securities Commission Malaysia executive chairman Datuk Mohammad Faiz Azmi. The event was supported by key partners including Astro, Berjaya Corporation Bhd, Bursa Malaysia, Malaysian Institute for Development of Professionals, Nespresso Malaysia, Star Media Group, Sunway Bhd, Tropicana Corporation, TBWA Malaysia and Velesto Energy Bhd. The 30% Club Malaysia, launched in May 2015, is part of a global business-led campaign that champions diversity, equity and inclusion, with a core focus on achieving at least 30% women's representation at senior decision-making levels, including boards and C-suites. The club works to engage chairs, CEOs and key market influencers to drive inclusive leadership and foster a sustainable pipeline of women leaders.

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