A new report has revealed trends in terms of female representation across Indian companies. The report, Corporate India: Women On Boards, while limited to Nifty 500 companies, reflected on evolving diversity and showed that despite some significant ongoing leadership breakthroughs and growing roles for women at all levels of management, there is more to be done to bridge the gap between professional men and women in India.
The report showed that:
• A large majority of companies (485) are compliant with regulatory thresholds. 107 companies have exceeded the quota of one woman director on board and four companies had four women directors on their board;
• 15 companies in the study did not have a woman director on the board on 31 March 2017;
• There are only 98 promoter women directors (16%) in the NIFTY 500. Of this set, 50% are executive and are driving the company in a leadership capacity.
A mandate from the Companies Act 2013 stated that every listed Indian company ought to have at least one women on its board. A recently released report, Women on Boards, also reflected that in the last five years the number of women director's in the Nifty 500 companies has gone up from 8% to 13% and that regulators are keen to continue to increase this further.
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