Boardrooms without Barriers: The Urgent Case for Women in Sri Lanka's Corporate Leadership
In the global context, including Sri Lanka, the glass ceiling occurred in many corporate sectors, even while women make up 52% of the nation’s population, and even though they generally scored high academically, their presence in corporate leadership roles presents a quite different picture. According to the International Finance Corporation (IFC) (2020), highlighted that 9.8% of board seats in Sri Lanka's listed companies are held by women, which is among the lowest percentages in South Asia, and surprisingly, as per the Colombo Stock Exchange (CSE), 60% listed corporations have not having single female director at all. So, these numbers represent systemic injustices ingrained in Sri Lanka's corporate culture; they are not only symbolic. Moreover, the impact of this inequality has gone beyond social justice, where Gender diverse leadership has evolved to improve organizations' outcomes, where, according to McKinsey & Company (2023), most Companies in the top quarti...