Women power: Why organizations struggle to harness the power of women leaders

DIVERSITY in the boardroom is a recognized imperative for effective leadership. Successful businesses recognize that leaders must be composed of dynamic and diverse individuals to prevent groupthink and stimulate healthy exchange of ideas. The boardroom must be constantly permeated with different views and backgrounds if it expects to successfully adapt the business in this era of ever shifting tides and radical changes.

One way of achieving diversity is ensuring that there is sufficient women representation in the boardroom. Unfortunately, according to the 2022 Grant Thornton International Ltd.'s Women in Business research, only 39 percent of senior management roles in the Philippines are occupied by women. This is a decline from the 48-percent figure in 2021.