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Companies in Asia have a major diversity problem. Compared to their western counterparts, shockingly few women hold leadership positions in these organizations.
The problem is most acute at the very top of the corporate ladder, where in many cases, women are nowhere to be found.
Women occupied only 6% of corporate board seats in Asia in 2011, according to a study conducted by McKinsey. That puts the region well behind Europe and the United States, where 17% and 15% of board seats are held by women.
In South Korea, only around 1% of company board members are women. The figure is 2% in Japan, 5% in India, 6% in Indonesia and 7% in Singapore.
Even in Hong Kong -- Asia's finance capital and one of the most progressive cities in the region -- data compiled by transparency advocate David Webb shows that 40% of companies have no women on the board. Another 38% of boards have only one female representative.
"Where we are today is so woefully inadequate," said Su-Mei Thompson, CEO of The Women's Foundation. "The statistics show the pace of change is too slow."
The problem is most acute at the very top of the corporate ladder, where in many cases, women are nowhere to be found.
Women occupied only 6% of corporate board seats in Asia in 2011, according to a study conducted by McKinsey. That puts the region well behind Europe and the United States, where 17% and 15% of board seats are held by women.
In South Korea, only around 1% of company board members are women. The figure is 2% in Japan, 5% in India, 6% in Indonesia and 7% in Singapore.
Even in Hong Kong -- Asia's finance capital and one of the most progressive cities in the region -- data compiled by transparency advocate David Webb shows that 40% of companies have no women on the board. Another 38% of boards have only one female representative.
"Where we are today is so woefully inadequate," said Su-Mei Thompson, CEO of The Women's Foundation. "The statistics show the pace of change is too slow."