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|Ctrip CEO Jane Sun Article on Female Presence and Innovation|
Ctrip continues to enhance female presence and gender equality
Shattering the 'Glass Ceiling': Greater female presence needed for innovation
Women have been asking for equal labor right and social status since the establishment of the International Women's Day in 1910. It is common sense for a responsible company to provide equal career development and remuneration for women. According to the report by the Economist, the rate of Chinese women's participation in the workplace is almost 70%, higher than most of developed economies like the US, EU and
We are now in the midst of the Fourth Industrial Revolution, an era characterized by technological fusions and the integration of Artificial Intelligence, Big Data and Cloud Computing. This has catalyzed our creativity and bridged the physical gap between individuals. Men and women have equal rights in intelligence and competency.
Technology advancement has provided women with more opportunities and broader platform for career development. We have discovered that women also play a crucial role in internet companies. In
Ctrip is a leading internet travel company in the world and
From our experience, women have played important roles driving good corporate governance and fostering a culture of teamwork. Decisions made by female leadership are more meticulous and balances risk and reward better. Actions are execute with more communication, consideration and organization. Fiscal policies are gear towards long-term sustainability.
Our female employees have foster teamwork and communication, and are more open to different perspectives. This has complemented well with our male employee base that are generally very good at fast execution. Our organizational diversity and the qualities that women bring to the table has help enable Ctrip to generate large and sustainable investment returns for our stakeholders through the years. I feel it is critically important to encourage and incorporate the female voice. It will also help greatly to have more women leadership devote more time to provide guidance and become role models for aspiring women.
Disconcertedly, figures show workplace gender equality still has a long way to go. Only 10% of Fortune Global 500 Companies have female Directors on their boards. And only 3% of these companies have female CEOs. Internet companies' female representation is even lower. In many of these companies, it is rare to see any female leadership in key management positions.
Technology companies represent innovation and revolution. I think it is only fitting that we see more and more technology companies take on leading roles in fostering equal rights for women, provide processes for women to grow their careers, and most importantly, shatter any sort of 'glass ceiling'. And to further reinforce the point, shattering the 'glass ceiling' is not just about recruiting more women. It is about giving women equal opportunities to take on more leadership roles. There are more than 1,000 executives represented in the Top 100 US companies. The large majority of women are in supportive roles such as HR, PR and legal adviser. Seldom do we see women taking on key management roles.
We are making some breakthroughs though. In recent years, a quarter of entrepreneurs in
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