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Thailand ranks third in the world for top women executives

Thailand saw a 4-point improvement in the number of women in senior management positions, with 41% of such roles held by women, and 42% of surveyed companies having a female CEO or managing director.

by Zhang Fang
March 17, 2024 - Updated on March 18, 2024
in Corporate
Reading Time: 2 mins read
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The Grant Thornton survey revealed that the Philippines has the highest number of women holding senior management positions, with 43% of top executive positions in companies being held by women.

  • The Philippines has the highest percentage of women in senior management positions, with 43% of top executive roles held by women.
  • Thailand follows closely behind, with 41% of top executive positions held by women, and 42% of companies having female CEOs or managing directors.
  • Filipino companies have consistently ranked high in previous surveys, reflecting a strong presence of women in top executive roles.

Female Top Executives in Southeast Asia

Apart from the Philippines and Thailand, two other Southeast Asian countries, Malaysia and Indonesia, also featured in the rankings, with Malaysia ranking seventh and Indonesia ranking tenth in terms of the percentage of companies with female top executives.

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Thailand, with 41% of top executive positions held by women, stood also out with the highest percentage of companies having female CEOs or managing directors (42%) among the 28 countries surveyed. This underscores the increasing representation of women in top leadership roles across Southeast Asia, signifying positive progress towards gender diversity and inclusion in the region’s corporate sector.

Survey Highlights in the Philippines

The survey covered 4,891 medium-sized companies, with Filipino companies consistently ranking high in previous surveys, including second in 2023, fourth in 2022, and first in 2021 and 2020. This trend demonstrates the strong presence of women in leadership roles within the Philippines, showcasing their significant contribution to the country’s corporate landscape.

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The countries with the highest percentage of companies with female top executives are:

1. Philippines – 43.1%
2. South Africa – 42.0%
3. Thailand – 41.0%
4. Turkey – 41.0%
5. Nigeria – 40.6%
6. Spain – 40.3%
7. Malaysia – 39.6%
8. Australia – 39.6%
9. France – 37.9%
10. Indonesia – 37.4%

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