Business

Look for the best: Nor Shamsiah hopes for more female central bank governors

Current Bank Negara Malaysia head says equal merit-based approach has worked well so far

Updated 4 years ago · Published on 07 Feb 2022 3:05PM

Look for the best: Nor Shamsiah hopes for more female central bank governors
Tan Sri Nor Shamsiah Mohd Yunus says she hopes women will be appointed as governor not because of their gender, but because they are the best candidates for the job. – EPA pic, February 7, 2022

KUALA LUMPUR – Bank Negara Malaysia (BNM) governor Tan Sri Nor Shamsiah Mohd Yunus hopes more women will be appointed governors of central banks in the next 10 years.

Responding to a question on female leadership in central banks, Nor Shamsiah said she hopes women will be appointed to the job not because of their gender, but because they are the best candidates for the job.

“One of our core organisational values is respect for diversity. In our experience, a policy of respect for diversity, meritocracy, and transparency works best to alleviate concerns across genders.

“Men and women have different challenges, and we need to allocate necessary resources to level the playing field,” she said in an interview with Women’s World Banking.

Nor Shamsiah said BNM’s approach of giving both men and women equal opportunities to develop their career and rewarding them based on merit has worked for the bank.

“We have an equal representation of men and women, and women account for more than 40% of our senior officers,” she added. – Bernama, February 7, 2022

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