‘More women directors, but few are in executive roles’

Given how the share of directorships held by ladies within the Nifty 500 corporations has risen almost three-fold over six years to 17 per cent on the finish of December 2020 from round 6 per cent in March 2014, it should be mentioned the regulatory push for extra ladies administrators has yielded outcomes. However there will not be too many ladies in govt positions, a mere 11 per cent.
Also, of the whole variety of feminine govt administrators solely 31 per cent have been skilled EDs, the remaining 69 per cent belonged to the promoter group or have been representatives of the promoters.
Nevertheless, an IiAS examine reveals the variety of ladies directorships as a proportion of complete directorships has been on the rise; on the finish of December 2020, of the Nifty 500 corporations, 475 had no less than one-woman director on the board. Of the remaining 25 corporations, two are institutionally managed — Yes Bank and LIC Housing Finance; two are promoter run — Ashoka Buildcon and Aegis Logistics; and the remaining 21 are PSUs.
One can argue that a few of the directorship gaps could also be transitory, however that doesn’t take away the truth that PSUs proceed to lag the gender variety agenda. Nonetheless, extra corporations now have one lady on their boards, and several other boards have a couple of. Regulations have certainly bolstered the concentrate on gender variety in boardrooms.
As a proportion of complete administrators on a board, it’s encouraging to see roughly 27 per cent of the businesses have a illustration 20-29 per cent of ladies on their boards.
While this displays Corporate India’s intent to welcome extra feminine administrators on their boards, solely 5 corporations have been represented by ladies to the extent of fifty per cent or extra on their boards for 2020. FE