29% of senior management posts held by women in Armenia: research

PanARMENIAN.Net - A new research from Grant Thornton reveals that Eastern European countries dominate the international league table for senior female business leaders, including seven of the top ten, with Russia at number one.

However the proportion of women reaching the top tier of the business world has shown little progress over the past decade, leading to renewed calls for quotas. Grant Thornton’s research reveals that 40% of senior business roles in Russia are occupied by women, the highest in the world, and almost double the global average (22%). The next five countries on the list are all near neighbors: Georgia (38%), Poland (37%), Latvia (36%), Estonia (35%) and Lithuania (33%).

IBR data shows that 29% of senior management roles are filled by women in Armenia. This is up from 35% in 2014. However index is higher than the last five year average and

Armenia remain its position of the top ten, being 8th on the league table.

Francesca Lagerberg, global leader for tax services at Grant Thornton, said: “The domination of Eastern European nations is explained by a complex blend of factors including history, culture and demographics. A thriving culture of female entrepreneurship is a legacy of the Communist ideal of equality of opportunity and this extends into the broad range of subjects women study in the region. Consequently we find women well represented in services industries too; and not just those traditionally with high numbers of women like healthcare and hospitality, but emerging industries such as financial services and technology. Simple demographics are undeniably at play too. Russia, for example, has 120 women for every 100 men. What can the rest of the world learn from Eastern Europe? Clearly there is no magic wand, but some of the recommendations we set out in our report - including changing societal norms around the role of women and eradicating gender bias - are directly drawn from what is working well in the region."

Globally, 22% of senior roles held by women is slightly up from 2004 (19%) but down from 24% last year. Japan remains at the bottom of the list with just 8% of senior roles held by women, followed by Germany (14%) and India (15%).