The Philippines was revealed to have more women holding top management roles than the countries surveyed in the Women in Business report released today, International Women’s Day.
The study conducted by Grant Thornton International Ltd. among a sample of 4,500 executives across 35 countries showed that 46.58 percent of Filipinas in the business sector are part of senior management, placing the Philippines on the top rank.
Described in an article by The Manila Bulletin, the annual survey report said that certain approaches in the country, such as “equal pay for men and women performing in the same roles, non-discriminatory policies for requirement, paid parental leave, and flexible hours” could have contributed to the high ranking.
Still, The Manila Bulletin article pointed out that “there is no clear correlation between which, and how many, policies businesses have in place and the gender diversity of their senior management teams”, mentioning the case of regions Africa, the EU, and North America, which have many policies but have varying levels of senior management gender diversity.
P&A Grant Thornton chair and CEO Marivic Españo said that diversity, seen as healthy for businesses, “encourages different ways of thinking and opens up new opportunities for growth”, according to The Manila Bulletin.
She also urged that diversity, together with inclusion, must be made “a core value in your business” as “organizational values drive behavior”.
“The key for creating real change is that business policies and practices are rooted in a genuine conviction of the benefit of diversity”, Españo added.
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