Almost half of senior leadership positions in mid-market businesses in the Philippines are now held by women, the highest proportion among the 29 large economies surveyed annually by global consultancy firm Grant Thornton.
More importantly, the 48 percent of senior corporate positions held by females in the country is higher than last year’s level of 43 percent, and represents a marked improvement over the 35 percent recorded in the Women in Business report a decade ago.
The increase in the ratio of women holding senior positions in local firms represents a steady improvement for the country in recent years. It also passes the important 30 percent threshold, which research shows is the minimum representation needed to change decision-making processes.
All countries surveyed except for China, the United Arab Emirates, South Korea, and Japan have now surpassed the crucial 30 percent milestone.