Gender Diversity on the Board of Indian Companies: A Policy Gap
Girisha, Gyanda Rajpal, Hanish 2024 Sinha, Shiv Nath
Gender Diversity on the Board of Indian Companies: A Policy Gap - Economic and Political Weekly 2024 - 57-64
European and Indian legislations on the gender diversity of corporate boards are examined to show that using three instruments-mandatory rules, recommendatory provisions, and self-disclosure of gender diversity policy and performance-many European countries forced companies to appoint a minimum of 25% women directors. In India, an entirely different approach was adopted where instead of fixing a minimum percentage of women directors, it required the appointment of only one women director on corporate boards. Though most Indian companies complied, the law failed to increase gender diversity in Indian corporate boards. A close look at the European approach is recommended to legislate the appointment of a higher percentage of women directors.
Corporate Law
Governance Code
Women Directors
Gender Diversity
Gender Diversity on the Board of Indian Companies: A Policy Gap - Economic and Political Weekly 2024 - 57-64
European and Indian legislations on the gender diversity of corporate boards are examined to show that using three instruments-mandatory rules, recommendatory provisions, and self-disclosure of gender diversity policy and performance-many European countries forced companies to appoint a minimum of 25% women directors. In India, an entirely different approach was adopted where instead of fixing a minimum percentage of women directors, it required the appointment of only one women director on corporate boards. Though most Indian companies complied, the law failed to increase gender diversity in Indian corporate boards. A close look at the European approach is recommended to legislate the appointment of a higher percentage of women directors.
Corporate Law
Governance Code
Women Directors
Gender Diversity