Fewer Filipina executives in wake of economic crisis

Published by rudy Date posted on March 16, 2011

THE number of Filipino women in senior management positions fell at its fastest pace for over seven years partly because of the economic crisis, according to Grant Thornton’s International Business Report (IBR).

In its report, Grant Thornton said the proportion of women in senior management positinos in the Philippines dropped from 47 percent in 2009 to 35 percent in 2010—the smallest percentage ever reported for the Philippines since IBR first started tracking women in senior posts in 2004.

In 2004, the Philippines came in second only to Russia in terms of the percentage of women in leadership positions.

In 2007 and 2009, the Philippines topped the country league table at 50 percent and 47 percent, respectively.

The results were released by audit, tax, and business advisory firm Punongbayan & Araullo (P&A), the Philippine member-firm of Grant Thornton.

The report said women hold 20 percent of senior management positions globally, down from 24 percent in 2009, and up just a percent from 2004. –Darwin G. Amojelar, Manila Times

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