Volume : 7, Issue : 9, September - 2018

WOMEN DIRECTORS ON CORPORATE BOARDS

Dr. Manisha Verma

Abstract :

<p style="margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:&#10;0in;text-align:justify;text-justify:inter-ideograph;line-height:200%"><i style="mso-bidi-font-style:normal"><span lang="EN-IN">India is one of the first developing countries to have enforced a legal framework to push for greater presence of women in company board rooms. The 2013 Companies Act (Section 149) and SEBI regulations make it mandatory for listed companies as well as companies with a paid-up share capital of at least Rs 100 crore or turnover of at least Rs 300 crore to appoint at least one woman director.<o:p></o:p></span></i></p> <p style="margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:&#10;0in;text-align:justify;text-justify:inter-ideograph;line-height:200%"><i style="mso-bidi-font-style:normal"><span lang="EN-IN">More than four years since the legal requirement was enacted, have company boards complied in both letter and spirit? <o:p></o:p></span></i></p> <p style="margin-top:0in;text-align:justify;text-justify:inter-ideograph;&#10;line-height:200%;background:white"><i style="mso-bidi-font-style:normal"><span lang="EN-IN">The paper dwells on the penetration of women on corporate boards and its trend in National Stock Exchange (NIFTY 500) Index companies over a period of four years after to the implementation of mandatory provision (i.e. 2013-2017) The results of data analysis revealed that in India women participation on corporate boards is at the stage of tokenism as only larger boards have few women directors. <o:p></o:p></span></i></p>