Women occupy 15% of board seats in listed Indian firms

The spike in numbers from just 4 per cent three years ago can be the result of a Sebi directive, which mandated to have at least one woman director on board.

Women hold about 15 per cent of board seats in NSE listed companies, says a Businessline report.
 
The spike in numbers from just 4 per cent three years ago can be the result of a Sebi directive, which mandated to have at least one woman director on board.
 
The report cited statistics from the Prime Database Group to say that Godrej Agrovet and IT services provider Airan Limited are the only ones with five women members on the board among the 1,691 NSE-listed firms.  
 
Five other companies — Indraprastha Medical Corp, Apollo Hospitals Enterprise, Cipla, Ultratech Cement and Godrej Consumer Products — have four women directors. 
 
However, most companies have kept only one woman director, in order to comply with the Sebi directive.
 
“The regulatory nudge has helped in taking up the number of women on corporate boards. On their own, companies may have felt some inertia,” Pranav Haldea, MD of Prime Database was quoted as saying.
 
The companies are fast realising the benefits of bringing gender diversity on board.
 
An analysis by Credit Suisse of 2,400 global companies showed that organisations with at least one woman director yielded higher return on equity and higher net income growth than those that did not have any.
 
Source: Businessline

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