Fortune has published the 2020 edition of its Most Powerful Women Outside the United States, in which a total of 50 women were shortlisted.
The top three on the list are Emma Walmsley, CEO of GlaxoSmithKline; Jessica Tan, CEO of China's Ping An Group; and Ana Botín, Executive Chairman of the Spanish Banco Santander.
According to Fortune, it "scans" the globe every year to highlight the most powerful women in companies outside the US.
The list was compiled 20 years ago and takes into account a woman's size and health of a woman's business, the arc of her career, and her social and cultural influence.
The Covid-19 pandemic posed a major challenge for business leaders. Fortune therefore also examined how business women used their power during this period.
Because of this, Emma Wamsley, who devoted many of her pharmaceutical company's resources to fighting COVID-19, made it to the top of the list.
The only Singaporean on the list
Image credit: Fortune
Of the 50 women, Ho Ching, the CEO of Temasek Holdings, was the only Singaporean to make the list.
This isn't her first time on the list. Ho has been on the list regularly for five years – in 2016 and 2018 at number eight, 2017 at number 10 and 2019 at number 19.
This year their ranking dropped one notch.
Temasek Holdings is a Singapore government-owned holding company.
Fortune's report on Ho Ching said the way the pandemic was viewed was reflected in how Temasek Holdings "threw a lifeline to Singapore Airlines."
The SWF also promoted the goodwill of the Singaporeans through the Temasek Foundation by giving away hand sanitizer and face masks.
In February, Temasek announced a company-wide wage freeze and voluntary executive wage cuts to help fund some community programs.
Fortune also took into account how Ho Ching is using her Facebook page to "support the city-state's handling of the coronavirus outbreak and defend Temasek as it has been criticized for hiring non-Singapore employees".
Selected image source: Unscrambled SG