India Inc starts grooming women for boardroom roles

Mar 08 2014, 10:08 IST
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The proportion of women in senior positions has declined in Indian companies. The proportion of women in senior positions has declined in Indian companies.
SummaryUnder the Companies act, 2013, all firms need to appoint at least one woman to the board.

Inc has woken up to the need of taking women seriously in board rooms. In fact, many companies have already started work on training women employees for leadership roles. Last month, Sebi aligned its norms to the Act, making it compulsory for every listed company to appoint at least one woman director. The directive comes into force from October 1.

According to indianboards.com, a joint initiative by Prime Database and National Stock Exchange (NSE), as many as 966 of the 1,456 companies listed on the NSE, do not have a woman director on their board currently. In fact, accounting regulator Institute of Chartered Accountants of India is working on creating a pool of trained women chartered accountants for appointment on board of firms.

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