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Women in Asia Pacific Holding the Purse Strings
A recent survey conducted by business-to-business research consultancy, Kadence, has shown that in half of all Asian SMEs the decision-maker in the key financial role is a woman.
SMEs (Small and Medium-sized Enterprises) were polled across a number of Asian markets including: Hong Kong, India, Malaysia, Philippines, Singapore, Taiwan and Thailand. Considerable differences were found between countries, and an organisation's size also had a bearing on who controls the financials.
Thailand came top with a staggering 79% of female financial directors. Meanwhile, India was the most male dominated market, where only 5% of the financial decision makers are women.
Overall survey results show the ratio of female to male financial decision-makers:| Country | % Female | % Male | | Thailand: | 79 | 21 | | Taiwan: | 77 | 23 | | Singapore: | 62 | 38 | | The Philippines: | 59 | 41 | | Hong Kong: | 59 | 41 | | Malaysia: | 59 | 41 | | Indonesia: | 48 | 52 | | Australia: | 48 | 52 | | India: | 5 | 95 |
Piers Lee, Managing Director of Kadence Asia, suggested: 'The insight revealed that businesses are increasingly hiring women to fulfill this important role. As a result, financial institutions will need to align their business activity to reflect gender changes in the Asia-Pacific workforce.'
With offices in Boston, London, Delhi, Singapore and Sydney, and currently in the process of opening in Kuala Lumpur and China, Kadence is online at www.kadence.com .
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