More Pinays in top management - study
By Jovan Cerda
(philstar.com)
March 09, 2012
By Jovan Cerda
(philstar.com)
March 09, 2012
MANILA, Philippines - The Philippines ranked second in a global survey of economies with women occupying senior management posts, a business report released Friday by accounting firm Punongbayan & Araullo (P&A) said.
The proportion of Filipino women occupying top posts in business leaped from 35 percent in 2011 to 39 percent this year, Grant Thornton's International Business Report said.
The Philippines placed second, along with Botswana and Thailand, while Russia took the top post with 46 percent. Georgia (38 percent), Italy (36 percent) and Hong Kong (33 percent) placed third, fourth and fifth, respectively.
On the other hand, United Arab Emirates (15 percent), Denmark (15 percent), India (14 percent), Germany (13 percent) and Japan (5 percent) occupied the bottom spots. The global average was 21 percent, a slight improvement from last year's 20 percent.
Among the members of the Association of the Southeast Asian Nations, only the Philippines and Vietnam posted a rise in the number of women in top management.
"In the Philippines, the trend is for female business leaders to take on responsibilities involving finance. This year, 64 percent of Filipinas in senior management were either chief finance officers or holding senior finance positions, up from last year’s 54 percent," the report said.
In a statement, Marivic Españo, P&A managing partner and chief executive officer, said the report shows that top posts in the Philippines are accessible to men and women equally, but she added that the falling numbers in other countries should alert business leaders.
The report added that for the first time, respondents were asked if they offered flexible work arrangements for women. Sixty-six percent of Philippine businesses answered yes, above the global average of 52 percent and the ASEAN average of 53 percent.
“This is one way of encouraging women to aim for the top, especially those who have to balance their career with motherhood. Hopefully moving forward, we can find more ways to open up those C-suite posts to women, and continue to be a good example of gender equality here in the ASEAN region,” Españo added.
The proportion of Filipino women occupying top posts in business leaped from 35 percent in 2011 to 39 percent this year, Grant Thornton's International Business Report said.
The Philippines placed second, along with Botswana and Thailand, while Russia took the top post with 46 percent. Georgia (38 percent), Italy (36 percent) and Hong Kong (33 percent) placed third, fourth and fifth, respectively.
On the other hand, United Arab Emirates (15 percent), Denmark (15 percent), India (14 percent), Germany (13 percent) and Japan (5 percent) occupied the bottom spots. The global average was 21 percent, a slight improvement from last year's 20 percent.
Among the members of the Association of the Southeast Asian Nations, only the Philippines and Vietnam posted a rise in the number of women in top management.
"In the Philippines, the trend is for female business leaders to take on responsibilities involving finance. This year, 64 percent of Filipinas in senior management were either chief finance officers or holding senior finance positions, up from last year’s 54 percent," the report said.
In a statement, Marivic Españo, P&A managing partner and chief executive officer, said the report shows that top posts in the Philippines are accessible to men and women equally, but she added that the falling numbers in other countries should alert business leaders.
The report added that for the first time, respondents were asked if they offered flexible work arrangements for women. Sixty-six percent of Philippine businesses answered yes, above the global average of 52 percent and the ASEAN average of 53 percent.
“This is one way of encouraging women to aim for the top, especially those who have to balance their career with motherhood. Hopefully moving forward, we can find more ways to open up those C-suite posts to women, and continue to be a good example of gender equality here in the ASEAN region,” Españo added.
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