Women on Boards: A Snapshot
The Institute of Corporate Directors (ICD) is a not-for-profit organization founded in 1999 to
promote the improvement of corporate governance standards in the country as well as
professionalize the practice of corporate directorship.
In furthering our advocacies, we believe that it is necessary to promote enhanced diversity on boards and in particular, gender diversity.
In recognition to Women’s Month of March, we present this infographic using data from two
different studies to generate awareness on the progress and the importance of gender diversity in the boardroom.
Almost half of the Philippine Market is comprised of women, which makes hearing their views all the more important to be heard in board-level decision making.
Although the figures of board room representation of women in the Philippines are by no means the lowest in the World, there is still a long way to go as women are still under represented in the board room.
This under representation also means that the biggest benefits of board gender diversity are
also yet to be seen. As the push for gender diversity continues, more benefits of having women on boards will be seen and soon having women on boards will become the norm rather than the exception.
References:
Deloitte, Women in the boardroom: A global perspective, 7th edition (February 2022)
https://www2.deloitte.com/sg/en/pages/risk/articles/women-in-the-boardroom-global-perspective-seventh-edition.html
International Finance Corporation (IFC), Board Gender Diversity in ASEAN (June 2019)
https://www.ifc.org/wps/wcm/connect/topics_ext_content/ifc_external_corporate_site/ifc+cg/resources/guidelines_reviews+and+case+studies/board+gender+diversity+in+asean
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