Research from the 2011 Grant Thornton International Business Report (IBR) reveals that 23% women hold senior management positions in Armenia against last year’s 29%.

The results of the survey show that women currently hold 20% of senior management positions globally, down from 24% in 2009, and up just 1% from 2004.

In its quarterly survey of privately held businesses (PHBs) Grant Thornton also found that the percentage of PHBs that have no women in their senior management has risen to 38% compared to 35% in 2009.

Across the world, Thailand boasts the greatest percentage of women in senior management (45%), followed by Georgia (40%), Russia (36%), Hong Kong and the Philippines (both 35%). The countries with the lowest percentages are India, the United Arab Emirates and Japan where fewer than 10% of senior management positions are held by women.

Of the companies that employ women in senior managerial positions globally, 22% employ them in financial positions (e.g. Chief Financial Officer/Finance Director). This is followed by Human Resource Director (20%), Chief Marketing Officer and Sales Director (both 9%).

Globally just 8% of companies with women in senior managerial positions have a female Chief Executive Officer (CEO). However the story is different in Asian economies, Thailand leads the way with 30% of companies employing female CEOs, followed by mainland China (19%), Taiwan (18%) and Vietnam (16%).