“…Relevant studies that are necessary to set out the outset of the study are reported in this article. Avalanche of published literature can be witnessed on women development across the globe including: identifying the capabilities of women's leadership and sustainable development in Colombia (Barrios et al, 2020), exploring the relationship between female directorship and firm performance in France (Bennouri et al, 2018), gender inequality in assets ownership in Latin America (Deere et al, 2010), wage gaps of female-male among salaried workers in India (Deshpande et al, 2018;Lee & Wie, 2017;Menon & Rodgers, 2009), uncovered opportunities and barriers of female employment in sports in UK (Forsyth et al, 2019), women segregation in tourism employment in APEC region (Hutchings et al, 2020), women empowerment in East Africa (Miedema et al, 2018), women empowerment in Nepal (O'Hara & Clement, 2018), women asset ownership in rural south-east and north-east Nigeria (Oladokun et al, 2018), participation of Saudi women in development index (Omair et al, 2020), gender wage gap in Mexico (Popli, 2013), gender wage discrimination in Pakistan (Sabir & Aftab, 2007;Yasmin, 2009), gender wage inequality between 1992-2014 in Sri Lanka (Seneviratne, 2020), role of female directors and stock price in China (Shahab et al, 2020), women's social and financial empowerment in Pakistan (Tahir et al, 2018) and gender wage gap in Philippines (Zveglich Jr. et al, 2019). Bennouri et al (2018) examined the data of 394 French firms and affirmed that there is a positive relationship between female board directorship and firm performance; similar finding have been found by Nekhili & Gatfaoui (2013) and Peni (2014).…”