India's Maiden Board Refresh: A Mere Formality or Testament to Board's Dedication to Diversity?
Entrepreneur magazine|March 2024
A substantial number of independent directors on company boards will complete a 10-year mandated tenure by April 1, 2024.
India's Maiden Board Refresh: A Mere Formality or Testament to Board's Dedication to Diversity?

This will result in more than 1500 vacancies in 825 listed companies and about 30,000 vacancies if we include the unlisted companies. The pertinent question is whether the anticipated Great Board Refresh of 2024 will be a mere formality or a testament to a board’s resolve to swing-in diversity on boards. We are likely to witness some definitive changes in the course of the next one year that may have far reaching implications.

DO WE HAVE ENOUGH WOMEN ON-BOARD?

In recent years, the corporate governance landscape in India has witnessed a significant shift towards fostering gender diversity on boards. The Companies Act (2013), SEBI Regulations (2015), and the appointment of the Uday Kotak Panel on Corporate Governance by SEBI in 2017 have all played pivotal roles in steering this change in India. The Companies Act of 2013 mandated all listed companies and large corporations to appoint at least one female director to their boards. Further to this, SEBI Regulations of 2015 required all listed companies to select at least one woman on their boards before April 1, 2015, whether executive or non-executive.

A recent EY report on DEI states that almost 95% of Nifty 500 companies currently have at least one woman on board, and about 40% of companies have gone beyond the mandate and appointed more women than one on their boards. The average board representation of women in 2013 was 6%, which changed to 13% by 2017 and stands at 18% in 2022.

IS INDIA INC. AT THE RISK OF TREADING THE PATH OF THE OFT-QUOTED TOKENISM? 

この蚘事は Entrepreneur magazine の March 2024 版に掲茉されおいたす。

7 日間の Magzter GOLD 無料トラむアルを開始しお、䜕千もの厳遞されたプレミアム ストヌリヌ、9,000 以䞊の雑誌や新聞にアクセスしおください。

この蚘事は Entrepreneur magazine の March 2024 版に掲茉されおいたす。

7 日間の Magzter GOLD 無料トラむアルを開始しお、䜕千もの厳遞されたプレミアム ストヌリヌ、9,000 以䞊の雑誌や新聞にアクセスしおください。

ENTREPRENEUR MAGAZINEのその他の蚘事すべお衚瀺
THE BOOKWORM
Entrepreneur magazine

THE BOOKWORM

SASHANK RISHYASRINGA, CO-FOUNDER AND MANAGING DIRECTOR, AXIO (FORMERLY CAPITAL FLOAT)

time-read
1 min  |
March - April 2025
'The Sword We Refuse to Die On'
Entrepreneur magazine

'The Sword We Refuse to Die On'

Some people tell Chip and Joanna Gaines to play it safe, and to keep doing what made them famous in the first place. But they're ready to take more risks—because that's the entrepreneurial way.

time-read
5 分  |
March - April 2025
How to Tell Your Brand's Story
Entrepreneur magazine

How to Tell Your Brand's Story

Your company does many things, but you must communicate it all in just a few words.

time-read
5 分  |
March - April 2025
Mister Percussionist
Entrepreneur magazine

Mister Percussionist

Beyond corporate corridors, Vijay Subramaniam, 40, finds solace and joy in music.

time-read
1 min  |
March - April 2025
HOW INDIA'S REFURBISHED TWO-WHEELER MARKET IS SHIFTING GEARS IN 2025
Entrepreneur magazine

HOW INDIA'S REFURBISHED TWO-WHEELER MARKET IS SHIFTING GEARS IN 2025

Ever thought of buying a second-hand two-wheeler? India is seeing a surprising rise in the popularity of pre-owned and refurbished two-wheeler vehicles.

time-read
2 分  |
March - April 2025
Why Customers Come Back
Entrepreneur magazine

Why Customers Come Back

What makes an in-person experience worth putting on autopay? This fitness studio founder has it dialed in.

time-read
2 分  |
March - April 2025
e-Cars Drive Into Tier II, III Cities
Entrepreneur magazine

e-Cars Drive Into Tier II, III Cities

Cities such as Jaipur, Lucknow, Thiruvananthapuram, Surat, Coimbatore, are embracing four-wheel electric vehicles (EVs)

time-read
3 分  |
March - April 2025
GCCs: THE MULTIPLIER EFFECT
Entrepreneur magazine

GCCs: THE MULTIPLIER EFFECT

GCCs are serving as dynamic multi-dimensional contributors that enable parent organizations to achieve results and scalability in an agile manner and maintain long-term growth.

time-read
4 分  |
March - April 2025
COUPLE PRENEURS
Entrepreneur magazine

COUPLE PRENEURS

HOW COUPLES ARE TREADING THE ENTREPRENEURIAL JOURNEY TOGETHER

time-read
6 分  |
March - April 2025
REDEFINING WELLNESS
Entrepreneur magazine

REDEFINING WELLNESS

Nestled in the serene embrace of Peacock Valley, Pune, Swastik - A Luxury Wellbeing Sanctuary stands as a haven that intertwines ancient wisdom with modern science.

time-read
3 分  |
March - April 2025