“…For the past few decades, this underrepresentation and the slow rise of women in leadership positions on the corporate ladder have been a source of contention around the world. This gender imbalance in leadership roles has been well-documented and acknowledged by various studies and reports in countries such as Australia (Still, 2006;Maginn, 2010;Maginn et al, 2018), the United Kingdom (Morley, 1994;Wearing and Bob, 2004;Thomson, Graham and Lloyd, 2008), Russia (O'Brien & Wegren, 2015), US (Fassinger, 2008;Varma, 2018), China (Tan, 2008;Xiang, Ingram and Cangemi, 2017), South Africa (Mathur-Helm, 2006;Booysen & Nkomo, 2010), France (Barnet-Verzat & Wolff, 2008;Jellal, Nordman & Wolff, 2008), etc. In addition, according to Sri Lanka Labour Force Survey Annual Report 2021, the rate of women serving as senior officials, directors, and managers of organizations is lower than the rate of men (2.3 percent), and the percentage of women working in managerial roles is still lower than that of men (19.5 percent) (Department of Census & Statistics, 2021).…”