International Journal of Applied Research
Vol. 2, Issue 10, Part A (2016)
Gender diversity on corporate boards in India post companies Act, 2013
CS Charul Y Patel and CA Yogesh P Patel
Research has proved that corporate boards perform better when they include the best people who come from a range of perspectives and backgrounds. Board appointments must always be made on merit, with the best qualified person getting the job. But, given the long record of women achieving the highest qualifications and leadership positions in many walks of life, the poor representation of women on boards, relative to their male counterparts, has raised questions about whether board recruitment is in practice based on skills, experience and performance. It is high time that corporate boards recognize that gender diversity is a business imperative and a critical element in sustaining successful enterprises. Increasing the number of women in leadership positions has to be a priority, not only because it is the right thing to do, but also because it is essential to building a high performance organization. The Companies Act, 2013 requires Corporate India's leading companies to add one women director to the board for every listed Company and other specified class of companies. This paper examines the position and number of Women Directors in NSE-listed companies post Companies Act, 2013. It provides an insight on whether the much talked Gender Diversity has been achieved on the Indian Corporate Boards post the introduction of the New Companies Act, 2013 or not ?
How to cite this article:
CS Charul Y Patel, CA Yogesh P Patel. Gender diversity on corporate boards in India post companies Act, 2013. Int J Appl Res 2016;2(10):17-22.