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Women in the Board through the years
Updated: Apr 3, 2023
Introduction
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 of Women's Month of March, we present this to generate awareness on gender diversity in the boardroom.
Summary
Number of Board of Directors 2019-2021
There is a decrease in male directors and increase of female directors each year, slowly closing the gap in gender disparity. Men are decreasing on an average of 1% from the total number of directors. On the other hand, women are increasing by 1% on average.
Note: Percentages on the infographic are rounded up.
Number of Chairpersons 2019-2021
Both genders were consistent where there is an average of 93% of males and 7% of females as Chairpersons.
Number of Independent Directors 2019-2021
More women directors are entering the boardroom as Independent Directors, whereas less men directors are classified as Independent Directors. Men are decreasing by 1%, and Women are increasing by the same percentage.
Note: Percentages on the infographic are rounded up.
Female Directors in Industries 2019-2021
The Financial Industry dominates with an average of 21.2% of Female Directors. Followed by Holding Firms with 18.8% and Industrial with 18.6%.
Conclusion
With the growing awareness and support of women issues, women are empowered to strive for leadership positions. Qualified women are now becoming Directors, and advancing as Independent Directors in Industries: Financial, Holding Firms and Industrial. Although the gap as Chairpersons is static, other statistics highlight efforts to create a gender balance.
All information are taken from PSE EDGE portal.
