Deputy Prime Minister Tan Sri Muhyiddin Yassin said the the Women, Family and Community Development Ministry and Performance Management and Delivery Unit (Pemandu) will work on the mechanism for its implementation.
"The establishment of the '30% Club' has been done in other countries such as in the United Kingdom with the involvement of business leaders from giant companies," he said.
"Realising the importance of the '30% Club', they have introduced the mentor initiative. Such initiatives has brought women with abilities to the attention of top management for consideration to fill high-ranking positions in an organisation," he said at the opening of the 12th Women's Summit 2014 at the Royale Chulan Hotel here.
Muhyiddin said women are not sidelined in developing the country as the government has put them in focus in the 10th Malaysia Plan for more of them to be in decision making positions in various sectors.
"One of the achievements of the policies and programmes is the increase of the women labour force participation rate. With the rate steadily rising from 46.8% in 2010 to 52.4% in 2013, the government is optimistic that the target to increase women labour force participation rate to 55% in 2015 will definitely be achievable," he said.
He added that the government has also increased the number of successful women entrepreneurs under the Low Income Household National Key Result Area.
"From 2009 to August 2014, a total of 6,000 women entrepreneurs have excelled in their businesses with a monthly income of RM3,500 and above," he said.
Muhyiddin said 4,445 single mothers were trained under the Single Mothers' Skills Incubator Programme between 2008 to June 2014.
He added women in Malaysia are lucky as there are no laws or regulations to restrict them from holding positions in various sectors and also help in nation building.
In some parts of the world, he said, women cannot not participate in crucial and decision making position due to laws forbidding them.
"We are a moderate Muslim country. We believe in Islam where women can contribute in what ever way they can guided by Islamic principles," he said.