Guest Column

Board Diversity: Long Way to Catch Up

Board diversity Long way to catch up-01
0

India follows global diversity lead; yet, long way to catch up Following Europe’s lead, India is seeing more regulatory measures pushing for gender diversity in Boards. Indian companies are primarily family-owned corporations; therefore, succession and keeping the family intact is something that generates a lot of discussion on and off the boards. In India, the Companies Act 2013 has focused on the accountability and responsibilities of corporate boards; however, their composition is also an important measure of its effectiveness. The Act has mandated at least one women director on every listed company board in India and on companies having a paid-up share capital of Rs 1bn or more. India is not the only Asian country that has seen the new regulation come into effect-in China, the government recently introduced CSOX, the Chinese equivalent of the Sarbanes- Oxley Act; the Hong Kong Stock Exchange has also introduced a number of changes in the listing requirement oriented towards the inclusion of women.

This content is locked !

For Read 3 Premium Articles Free, Just Login or Register
Subscribe a plan To Unlock All The Premium Content!

Join Now

Leave a Reply