FEMALE BOARD MEMBER
A woman's place is in the boardroom
India Inc can attain gender parity by emphasizing middle managers through affirmative action in college and entry-level corporate hiring, ensuring a balanced representation at all levels for effective corporate governance.
IPO rush amid market rally boosts demand for independent directors
Amid IPO frenzy, companies race to appoint independent directors with specific skill sets crucial for growth. Women lead key committees, while former bureaucrats remain sought after. The process overlooks competencies, favoring recommendations from bankers and auditors. Specialized firms aid in identifying professionals for board roles, ensuring compliance with listing regulations.
Meet India's Insolvency professionals: Male, chartered accountants and not so young
The typical Indian insolvency professional (IP) is a middle-aged male chartered accountant. Only 10% of the 4,352 registered IPs are women, and just 7% are under 40 years old, according to data from the Insolvency and Bankruptcy Board of India (IBBI). Most IPs are chartered accountants (55%), with the rest being company secretaries (17%), lawyers (6%), and cost accountants (5%). About 90% are aged between 40 and 70.
Firefighters, deep-sea divers & such: It’s a woman thing
Tata Steel's initiative to hire women firefighters for diversity echoes a broader trend in heavy engineering firms in India. Companies like Hindustan Zinc are increasing women representation in mining operations, aiming for gender diversity.
Peak XV to launch permanent investment vehicle backed by fund partners, team members
The Peak XV Anchor Fund will be backed by an internal pool of capital, according to a letter sent to investors. Formerly known as Sequoia India & Southeast Asia, the venture-capital firm rebranded as Peak XV Partners last year and is now fully independent.
India Inc, here's a case for making room for women
A study published in Harvard Business Review in 2006 had recommended three or more women directors to drive change. According to researchers Alison M Konrad and Vicki W Kramer, solo women on boards feel isolated and marginalised. Adding a second helps reduce isolation but the two may be perceived as a separate group and could find they have to be careful not to appear to be conspiring. A clear shift occurs when boards have three or more women. At that critical mass, women tend to be regarded by other members not as 'female directors' but simply as fellow directors.
Decade after mandate, Indian companies struggle with gender diversity; only half meeting one woman director requirement
A decade after the Companies Act 2013 made it mandatory for Indian companies to have at least one woman director on their boards, the needle has barely moved beyond the mandatory compliance threshold. Data shows that almost half the NSE-listed firms have only 1 woman director and 41 do not even meet the mandate of one director. However, 262 companies have at least three or more women directors. On an overall basis, the representation of women directors has increased to 20% of the total directors’ pool as of January 2024.
Jaya Varma Sinha becomes first ever female Chairman Railway Board
Jaya Varma Sinha has been appointed as the Chairman and CEO of the Indian Railway Board. She will serve in this position from September 1, 2023, to August 31, 2024. Sinha is currently the Member (Operations and Business Development) and has been a part of the Indian Railway Traffic Service since 1988.
Couple attacks Akasa air staff for denying boarding due to late arrival in Lucknow
A woman and her husband were booked under non-cognizable offenses at Lucknow airport after being denied boarding and physically assaulting a member of Akasa Air staff. The couple arrived late, and their flight's last boarding was closed. Despite the explanation, the woman became aggressive and slapped a female staff member. The couple was handed over to the police by CISF. Akasa Air emphasized that they have a zero-tolerance policy towards violence and disrespect towards staff and reported the incident to airport authorities and filed a complaint with local police.
Unruly passenger assaults Air India crew member onboard Goa-Delhi flight
Unruly behaviour such as physical gestures, verbal harassment and unruly inebriation are classified as Level 1 while physically abusive behaviour like pushing, kicking or sexual harassment are classified as Level 2.
2 women claim American Airlines staff 'forced' them to undress & change at boarding gate
The US-based airline faced backlash after its employees allegedly found the attire of two comedians to be "too revealing" and then "forced" them to change in public. The comedians, Chrissie Mayr and Keanu Thompson, called out the airline's "unacceptable behaviour" on social media.
Drunk passenger vomits, poops on board IndiGo flight
Konwar also shared a picture of a female cabin crew member who cleaned up the mess. Konwar tweeted, “IndiGo 6E 762: Guwahati to Delhi. The intoxicated passenger vomited on the aisle and defecated around the toilet. Leading lady Shweta cleaned up all the mess and all the girls managed the situation exceptionally well. Salute girl power (sic).” The picture shows the crew member, wearing gloves and mask, and equipped with cleaning spray and tissue papers cleaning up the spot where the passenger vomited.
Tata takes Air India on fashion runway as new grooming guidelines mandate hair gel for male crew, foundation for women
Tata-owned Air India on Thursday issued a circular of over 40 pages, instructing grooming requirements for all its crew members, including asking men to put hair gel and mandated women to apply foundation and concealers matching the skin tone. As per the latest guidelines, gel nail polish and French manicures are allowed with regular refills and must be well-maintained.
Taapsee Pannu joins Hemkunt Foundation as a new advisory board member; to spread awareness on menstrual hygiene
Taapsee Pannu became the first female advisory board member of Hemkunt Foundation, and she will spread awareness about menstrual hygiene and affordable healthcare.
Women now hold 18% of board seats in India, 95% of Nifty 500 cos have at least one female board member
Part of the credit for this improvement goes to multiple initiatives taken by the Indian government and regulatory bodies. Yet, there's much to be done still.
GSK picks Burberry's Julie Brown as first female CFO
Brown, also 60, will join GSK in April and take up the job in May. She has previously done stints in the health and pharmaceuticals industry. She joined Burberry in 2017 from medical products maker Smith & Nephew and was a board member at Swiss drugmaker Roche until Sept. 26 when she stepped down. She also served in several finance roles at AstraZeneca. GSK's shares were up about 2% in early trading on Monday.
Twitter may announce Musk deal today; Urban Company gets four new board members
Twitter may announce the $43-billion deal later on Monday once its board has met to recommend the transaction to Twitter shareholders, the sources said.
Goldman Sachs' new director Kimberley Harris makes its board almost half female
The financial industry is almost entirely run by men, although a handful of women have broken through to executive ranks in recent years. Last September, Jane Fraser became the first woman to lead a major Wall Street bank when she was named chief executive of Citigroup Inc.
UAE listed firms told to add at least one woman to board
While women are present on the boards of 28 out of 110 listed companies in the UAE, they make up only 3.5% of all board positions, according to data compiled by Aurora50.
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