Market regulator Securities and Exchange Board of India (SEBI), in compliance with the Companies Act 2013, made it compulsory to have at least one woman on a board from October 2014. While most of the top 1,000 listed companies have complied with SEBI’s directive, boards still have a long way to go before they become part of more inclusive and impactful decision-making processes.
Women form a substantial part of the workforce. “The world is changing in almost all dimensions. Companies could focus on gender diversity and gender parity for better outcomes. Women constitute around 50 per cent of the geography and having them on corporate boards is natural and much required. They could be catalysts for change,” said Dr SK Gupta, former MD and CEO, Insolvency Professional agency of ICMAI and MD, RVO of Institute of Cost Accountants of India; at Assocham’s Boardroom Impact Talk Series – 2022 held virtually.
How do we bring in more women into the board? “Skill...