"We looked around Asia and saw that China had the greatest need for management training, " says Rui Shujie, account manager at the Center for Business Skills Development, which began operating in Shanghai two years ago in affiliation with Arizona's Thunderbird school of international management.

CNN: ASIANOW - TIME Asia | Business: Leadership Deficit

The company, which has a workforce of 15, 300, has been trying to boost sales by focusing on new areas of business and expanding geographically, last year having opened up its first wholly owned development center in Beijing.

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The report was done in collaboration with the World Business Council for Sustainable Development, sustainability consultancy firm Irbaris, and the Investor Responsibility Research Center Institute.

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"The no-girls-allowed rule keeps women from accessing that power where they can conduct business and rise in professional development and create their own power networks, " said Veronica Arreola, assistant director of the Center for Research on Women and Gender at the University of Illinois-Chicago.

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