- Russia, the Philippines, and Lithuania have the most women in senior management positions
- Meanwhile, Japan, Germany, and India have the fewest female business leaders
- Only a quarter of the world’s businesses currently have women in senior management roles
Russia, the Philippines, and Lithuania currently lead the rest of the world in terms of having the most number of women take on senior management positions in businesses, according to the latest Women in Business report.
The report, published by audit and tax firm Grant Thornton which is based in the United States, noted that Russia has the highest percentage of women in senior business roles at 45 percent.
The report surveyed 5,520 businesses in 36 countries worldwide. Around 25 percent of the world’s businesses currently have women in senior management roles.
Looking at the world’s major regional blocs, eastern Europe, which includes countries such as Poland, Estonia, and Latvia, topped the list with more than one-third of management positions filled in by women.
“Companies across developed nations have talked the talk on diversity in leadership for long enough. It’s time to put their promises into practice and deliver results,” Grant Thorton International’s global leader for tax services Francesca Lagerberg told Reuters.
Meanwhile, Japan was found to have the fewest percentage of women taking on corporate leadership roles at just 7 percent. It is joined by Germany and India at the bottom of the list.
While the report pointed out that more women are now taking on management positions all over the world, a lot is still needed to be done as the number of companies with no women in senior management has increased from 32 percent to 33 percent.
Moreover, data reveals that almost 4 in 10 or around 39 percent of companies in the G7 economies of Canada, Germany, Italy, France, Japan, the United Kingdom, and the United States, had no women in senior management.
“Despite considerable efforts by governments and campaigners across the world’s best-developed economies to ensure best practice they continue to lag behind emerging markets in this area. This poor performance seems to be at least partly a result of entrenched societal norms,” Lagerberg said.
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