FEMALE INDEPENDENT DIRECTORS
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.
Sanjay Leela Bhansali withheld food on 'Heeramandi' set? Aditi Rao Hydari reveals why the director kept her hungry
Aditi Rao Hydari recently shared her experience working with director Sanjay Leela Bhansali on the period drama series 'Heeramandi: The Diamond Bazaar,' known for its mixed reception. She discussed challenges on set, including a scene where Bhansali's direction initially didn't resonate with her due to exhaustion and post-Covid recovery. Despite this, she delivered the desired performance, fueled by her admiration for Bhansali's vision.
Pharma, financial services lead in female KMP representation
While female KMPs in the financial services sector were all professional leaders, in pharma, they were promoters, according to data from FY23 collated for ET by executive search firm EMA Partners India.However, Indian companies continue to struggle to have a better gender balance when it comes to KMPs. According to the Companies Act, KMPs are the CEOs or managing directors, chief financial officers, company secretaries and wholetime directors.
Financial Independence: How women are increasingly taking financial decisions
Financial independence for women is not just about earning money but also about how to manage it wisely. Taking advice from a financial consultant can help women explore investment alternatives, savings, and debt management strategies.
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.
Dabur India introduces an all-women production team at plant near Indore
Dabur India has established an all-women production line at its largest greenfield plant near Indore, with 20 women currently engaged in producing Vatika hair oils. This initiative aims to promote women's empowerment in manufacturing and build a more diverse workforce. Dabur plans to expand the initiative by adding 30 more women to its factory workforce.
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Red flag: Why are so few women checking into India Inc’s C-suite?
Only 4% of exec directors at Nifty 50 are women, and across NSE-listed cos that figure drops to 3%; enabling policies needed to empower them. There is a persistent and high level of unconscious bias as well. Allyship is key. “Boys’ clubs still operate that many times do not give women the right kind of projects (that can advance them in their career) thus demotivating many women who see their juniors becoming senior and moving ahead,” said Girotra.
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.
In-depth | India’s electronic ambitions ride on young female employees
Women are increasingly becoming the talent pool of choice for electronics companies. This augurs well for companies which will have to double down on their hiring considering the electronics market in India alone is being valued at $155 billion, with domestic production accounting for 65%.
'Barbie' film-maker Greta Gerwig makes history, becomes 1st American female director to head Cannes Festival jury
At 40, Gerwig also becomes the youngest person in this role since 1966. This announcement adds another significant milestone to Gerwig's already groundbreaking career.
Just one in 10 executive directors is a woman: Study
Indian corporations are struggling to attract more women to executive director roles, with only 10% of the top 200 listed companies having female executive directors. This is despite efforts to strengthen diversity at leadership levels by Indian corporations. The higher proportion of women as independent directors is 27%, primarily due to the regulatory mandate of at least one independent woman director on a listed board.
Wrestlers in late-night huddle with Union sports minister Anurag Thakur, may file FIR against WFI chief
Late on Thursday night, sports minister Anurag Thakur met the wrestlers and assured them that the issue will be resolved soon.
Top 500 NSE-listed companies have 18% women directors, says study
In the study titled 'Corporate India: Women on boards', proxy advisory firm Institutional Investor Advisory Services (IiAS) on Tuesday said that at a global level, boardroom diversity continues to improve with an average of almost 24 per cent female representation in corporate boardrooms.
Potential conflict of interest: Nooyi to recuse herself from ICC media rights process
Amazon, owned by Jeff Bezos, had pulled out of the IPL media rights auction with Star and Viacom winning the TV and digital rights, respectively, for record amounts.
India Inc could do with a few more skilled women directors
These developments are noteworthy given that women constitute only 18% of directorships on boards of listed companies. As per latest data from Prime Database, there are 2,246 women who are serving as directors on the boards of the 1,921 companies listed on the National Stock Exchange. About 60% of these women are independent directors.
Are you a Hindu woman with money of your own? Here's why you should leave a Will
The best part about making a Will is that only the woman gets to choose who will enjoy the benefit of her assets after her demise. Even more important, a Will ensures that the property (moveable and immoveable) does not fall into undeserving hands.
Evolution of boards: How boardrooms have changed in more than a decade— in size, gender diversity, compensation
Women representation on corporate boards has gone up from 4.6% in 2006-07 to 14% in 2019. But this is largely driven by compliance. Even then, Amit Tandon, founder, Institutional Investor Advisory Services, says it’s a progress India must take cognizance of.
Many NSE-listed companies yet to appoint women independent director
Corporate governance experts and board members attributed this to sheer inertia on part of companies in meeting the mandate. Some also said there was a strong bias against women that still existed in the top echelons of the corporate hierarchy.
Meet the growing tribe of female intraday traders
From a B'luru homemaker to a Ludhiana psychologist, many women are making a mark in a 'male' field.
An attempt to police the sex of female athletes: Caster Semenya
Caster Semenya says proposed gender rules ‘do not empower anyone’, releases her list of expert witnesses.
Many companies still to induct woman independent director
There are enough qualified women to occupy board positions but a number of these companies will wait till the last minute before filling up the position.
Ajay Singh’s daughter being groomed to take reins at SpiceJet
India has the highest proportion of female commercial pilots in the world at 12% — much higher than the global average of less than 5%.
Indra Nooyi appointed ICC's first independent female director
Nooyi will join the Board in June 2018 to align with the term of the ICC Independent Chairman, following the unanimous confirmation of her appointment at today's meeting, an ICC release said.
ICC announces recruitment process for an independent director
The Independent Director will be appointed for a two-year term, although she may be re-appointed for two further terms with a maximum six year consecutive period of service.
No independent woman director at 40% of NSE companies
ASecurities and Exchange Board of India panel last week recommended inclusion of at least one “independent” woman director at all listed companies.
Just a woman director or an independent woman director? Sebi to examine
"We will examine whether women should be independent director or not as the representation of women on boards improve."
Indian-origin woman officer sues Scotland Yard over racism
A judge ruled last week that it would be "just and equitable" for Hubbard to bring the legal claim after the Met Police was trying to block her from making the employment tribunal claim.
Questioning the independence of directors by Tata Sons is truly unfortunate: Cyrus Mistry
Cyrus Mistry claimed that six of nine Independent directors questioned by Tata Sons were appointed during Ratan Tata's regime.
Companies may have to induct at least one female independent director
Coinciding with International Women's Day, the Corporate Affairs Ministry on Tuesday said it would make it mandatory for companies having five or more independent directors to have at least one female independent director.
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