Thailand ranks second in world for women in management
Women in Thailand are breaking through the glass ceiling as the Kingdom ranks second in the world for the percentage of women with jobs in senior management, and first in the percentage of women chief financial officers, according to an annual report by the Credit Suisse Research Institute.
The research arm of the Swiss bank released its third CS Gender 3000 report last week, and seven countries in Asia and the Pacific made the top ten for the percentage of women in management. The Philippines took the top spot in the rankings at 34 percent, with Thailand following at 28 percent, and Australia/New Zealand coming in third 25 percent of management positions held by women.
Most economists have said that women’s participation is an asset to a country’s economy, and countries that don’t provide opportunities for women are not making use of one of their greatest resources. Thailand has the second-largest economy in Southeast Asia. Gender equality and women’s empowerment are the Fifth Sustainable Development Goal, and the United Nations has reported that Thailand is outpacing all other countries in Southeast Asia in achieving the SDGs.
In all, Thailand improved in the Credit Suisse report’s diversity category, scoring 28.9 percent for diversity in management compared to 25.4 percent in the first report three years ago. Thailand finished first in percentage of female chief financial officers at 42 percent and has the third-highest percentage of female chief executive officers at 9 percent.
The CS Gender 3000 report analyzed the gender mix of executive teams at over 3,000 companies across 56 countries, comprising 30,000 executive positions. The report included 1,280 companies from Asia-Pacific.