Is Gender Diversity Enforcement – Only to the Extent of Board Rooms Sufficient?
Keywords:
Women Directors, Board, Nifty 50, Gender DiversityAbstract
The article discusses the importance of women in the organisations across and in leadership roles. It further discusses and analyses the relevant laws in place to deal with the same and the requirement and reasons of the Kotak Committee for introduction of even stringent laws and coming up with the recommendation that board of directors shall have an optimum combination of executive and non-executive directors with at least one woman as an independent director in the listed companies of India. The research on the board of the companies which are constituents of Nifty 50 Index (as on May 15, 2018) is conducted in order to obtain gender diversity ratio in the board rooms of those companies which set the parameters/ benchmark for our economy and are considered as the indicators of respective industry. Further, examination on the independence of women directors and their professional background is done in order to reach to the various conclusions with respect to the capability of their active and independent participation in decision making process. The article concludes with the fact that there was utter necessity of introduction and recommendation of such law in Indian scenario as participation of women in the organisational decision making process is equally important as of men.
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