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Diversity in leadership

The Women in Executive Leadership Teams report of the Philippine Business Coalition for Women Empowerment (PBCWE) found that women comprised 40 percent of the executive leadership teams across the 286 companies listed on the local bourse.

The PBCWE, which sifted through the 2020 to 2022 annual reports of the listed companies with WR Numero Research, also said women CEOs remain underrepresented at just 13 percent, up by only 3 points from 2020 figures.

Although women are making the slow climb up the corporate ladder, the group points out that majority of them were assigned functional roles, or positions that “do not have direct profit-and-loss responsibility,” such as human resources and information technology.

Men, on the other hand, tend to take line roles, or those that drive the company’s key commercial outcomes, including CEOs and chief operating officers.

PBCWE adds that only 1 percent of publicly listed companies have set specific gender targets, or increasing the number of women in leadership roles. 45 percent of those firms have declared support for workplace gender equality and diversity, while 38 percent remain without any type of commitment or declaration, the study showed.

PBCWE governing council chair Aurora Geotina-Garcia, whose dream is to have companies voluntarily give opportunities to qualified women, points out that both corporations and regulators should make an effort to make diversification a requirement.

All who are qualified for a job, at all levels of any organization, should be given a chance, regardless of gender, race, or religious and political beliefs. In this country, women are making their way towards being equal with men when it comes to opportunities to lead, but the gap remains, and the rate at which it is closing can certainly be faster.

If it is safe to assume that Filipino women are doing their best to achieve their goals, can we also count on the government and the private sector to provide the necessary support, instead of laying stumbling blocks, the way previous generations may have unwittingly done?*

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February 2025
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