Indonesia ranks fourth for percentage of women in senior management positions at 37 percent, according to Grant Thornton International report titled “Women in Business 2020”. Indonesia is still behind Philippines that ranks highest at 43 percent and is followed by South Africa 40 percent and Poland 38 percent.

According to data in the Women In Business 2020 report released to coincide with International Women’s Day on March 8, Indonesia ranked 4th in the country with the most female leaders. This research conducted by Grant Thornton International consistently reports annually that Indonesia and Mexico ranks 4th with the highest percentage of women in senior management positions of 37%. The Philippines ranks highest at 43% and is followed by South Africa (40%) and Poland (38%).

Francesca Lagerberg, global leader, Grant Thornton International Ltd said that This year’s Women in Business report also shows efforts to realize gender equality in Indonesia such as providing guidance and coaching (52%), creating an inclusive culture (35%), and setting targets / quotas for gender balance at the senior level (31%) all showing an increase compared to the previous year.

“It is very encouraging to see the efforts that have been made when mid-market companies are stepping up efforts to encourage progress and accessibility to leadership positions for women. In 2018 we see a sharp increase in the representation of women at the senior level, but this year’s figures are stable and this means that changes in senior positions will still occur,” she said.

Interestingly, this year there was an increase in gender equality at the highest level of corporate leaders. If in the previous year only 15% of companies in the world had the position of CEO or Managing Director held by women, this year there was an increase to 20%. In Indonesia there was also a slight increase, namely at 20%, compared to the previous year which was at 19%.

The Women in Business 2020 report also shows the 3 (three) most positions held by women in senior management in Indonesia, namely, Chief Finance Officer (CFO) as much as 48%, Human Resources Director as much as 26%, Chief Information Officer (CIO) as much as 25%. A slight shift from last year’s position where the Chief Information Officer (CIO) was ranked third to replace the favorite position so far, Chief Marketing Officer (CMO).