WOMEN CEOS
Number of women in top roles rises slower than number of women in company boards
A paper by NCAER economists Ratna Sahay, Navya Srivastava, and Mahima Vasishth has documented these findings while highlighting the progress and shortcomings in gender diversity since the April 2015 mandate, the report said. This paper will be presented at the India Policy Forum.
Women outpacing men with higher AUM, long-term outlook in mutual funds
The proactive approach undertaken by women investors to achieve financial autonomy and growth, underscoring their commitment to long-term investing.
Infosys hunts for talent among women professionals out on a career break
The women should meet two criteria, they should have work experience of at least two years before taking the break and should have had a break of six months. Shaji Mathew, group head of HR at Infosys, said the company has crafted a strategic approach to support women in managing the diverse personal and professional challenges they encounter throughout their careers.
MSME Day 2024: Participation of women in MSMEs increases but challenges remain
MSME Day 2024: While the role of women has increased significantly in India’s MSME set-up, certain challenges remain which need to be soon addressed. Notably, the women-led MSMEs play a critical role in this set up. They contribute significantly to employment and investment.
Apple supplier Foxconn rejects married women from India iPhone jobs
A former human-resources executive at Foxconn India said the company's executives verbally convey the recruitment rules to its Indian hiring agencies, which Foxconn tasks with scouting for candidates, bringing them in for interviews and employing them.
View: Gender diversity needs work
This year, 797 women candidates contested the general elections, constituting 9.6% of the total 8,337 candidates. Only 74 of them won a seat in the 18th Lok Sabha - four fewer than the number of women in the 17th Lok Sabha. This comes less than a year after the passage of the Women's Reservation Bill, which reserves one-third of seats in Lok Sabha and assemblies for women.
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Anil Jayaraj quits as CEO of Viacom18 Sports
Anil Jayaraj, Viacom18's sports CEO, resigned after nearly three years. His departure coincides with Viacom18's merger with Star India under Reliance Industries. Sources revealed Jayaraj submitted his resignation on Monday, but Viacom18 did not respond to requests for comments
Women are taking stock: As more women enter the high-net-worth category, their investment choices are also changing
Deepika Gehani, the cofounder of Genesis Luxury, represents the trend of affluent Indian women shifting towards equity investments. Nupur Garg, founder of Winpe, shares a similar sentiment on increasing risk appetite with growing wealth. The survey by Waterfield Advisors highlights women's interest in equity investments, with a focus on financial literacy emphasized by Priti Rathi Gupta. Anuj Kapoor from JM Financial Services notes the active role of female UHNIs in wealth management, while Devna Shah and Suhasini Sampath provide insights on equity and real estate investments.
Industry expects growth-oriented policies; doesn't see coalition as speedbreaker: Anish Shah
Mahindra Group CEO and MD Anish Shah expressed optimism about the continuation of growth-oriented policies in the third term of Prime Minister Narendra Modi-led government. He emphasized that coalition politics will not hinder progress. The industry expects the government to focus on manufacturing for the world, women-led development, farm-led prosperity, and sustainability.
More women made the list of top-paid CEOs in 2023, but their numbers are still small compared to men
Of the 341 CEOs in the AP's 2024 compensation survey, 25 are women, the highest number since the survey began in 2011. Lisa Su of AMD is the highest-paid female CEO, earning $30.3 million. The median pay for female CEOs increased by 21% to $17.6 million, outpacing male CEOs whose median pay rose by 12% to $16.3 million. Despite these gains, the highest-paid male CEOs still earn significantly more, and women often face the "glass cliff," being appointed to leadership roles during company crises.
CEOs got hefty pay raises in 2023, widening the gap with the workers they oversee
Top paid female CEOs in 2023 include Lisa Su, Mary Barra, Jane Fraser, Kathy Warden, and Carol Tome. Lisa Su of Advanced Micro Devices led with USD30.3 million. Female CEO median pay rose 21% to USD17.6 million, outperforming male counterparts.
Access to benefits key in retaining women contract workers: Study
A study by Quess Corp and The Udaiti Foundation reveals that both single and married women who receive performance incentives are more likely to retain their jobs than those who don't. The findings, which analysed data from 1.6 million Quess employees over four years, highlight the high turnover in the staffing industry and India's low female labour participation rate. The study found that nearly one out of every two associates who quit do so within the first three months of employment, underlining the importance of support in that period to stem attrition.
India needs to reduce trade tariffs, simplify procedures and remove protectionism: NITI Aayog CEO BVR Subrahmanyam
Speaking at Confederation of Indian Industry’s Annual Business Summit 2024, Subrahmanyam listed out the need for fundamental reforms in education and skilling, need for intervention to enhance the women labour force participation rate and plethora of policy measures in agriculture along with greater private sector investment in infrastructure and governance reforms.
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.
Mamaearth CEO Ghazal Alagh shares 5 ‘power phrases’ women should use to boost confidence
Entrepreneur Ghazal Alagh recently offered five "power phrases" that women can use to overcome obstacles more effectively. As the co-founder of Mamaearth and a recipient of recognition as one of the 'Top 10 Women Entrepreneurs' by IDBI bank in 2023, she took to Instagram last Saturday to share valuable tips on boosting confidence without appearing arrogant.
150 polling stations in Arunachal Pradesh to be managed by women: CEO
Arunachal Pradesh's electoral process involves women managing 150 polling stations, supported by 1,000+ women officers. CEO Sain praises women's participation. Polling includes Western and Eastern parliamentary seats, with BJP securing ten assembly seats uncontested.
Women voters outnumber men in 4 Odisha LS seats that go to polls on May 13
Women voters outnumber men in the four Lok Sabha constituencies in Odisha that go to polls on May 13, the first phase in the state and the fourth across the country. Briefing reporters, chief electoral officer (CEO) Nikunja Bihari Dhal said Berhampur, Koraput, Kalahandi and Nabarangpur Lok Sabha constituencies and 28 assembly seats coming under the parliamentary segments will go to polls on May 13, the nomination process for which began on Thursday.
More and more Indian companies focus on enhancing women's professional development
As companies try to deal with changing technology and talent scenarios, they are making it a point to prioritise investments in leadership development and foster diversity and inclusion to drive resilience and innovation.
Unleashing potential, embracing diversity: A symphony of women's voices
The ET Women Conclave 2024 gathered women leaders to discuss pressing issues, celebrate achievements, and promote leadership roles across industries. The event featured insightful sessions on work-life balance, gender-neutral leadership, and women's empowerment in various fields.
Cabin pressure: Are corporate leaders trying to be all-round performers?
CEOs face pressure to prove superhero status beyond the office, managing personal brand and productivity. Balancing fitness routines and social media presence is crucial. Finding time for rest and recovery is essential for overall well-being. Many entrepreneurs do feel the need to constantly stay productive, even during their downtime.
Role a fast-paced and continuous learning curve: Chanel CEO Leena Nair
Leena Nair, the Global Indian of the Year, reflects on her journey from Maharashtra's Kolhapur to the pinnacle of luxury as the CEO of Chanel. Her transition from HR at Unilever to leading Chanel demanded a quadruple jump, she says, and she's grateful for the support of her family. Nair's leadership philosophy emphasizes a holistic approach, focusing on brand, client engagement, people, and future-readiness.
ETPWLA 2024: Fuelling funding for female entrepreneurship and enabling women-led ventures in Tier I and Tier II cities
Dr. Srimathy Kesan, Seema Chaturvedi, and Mitali Nikore dived into the funding landscape of Indian women entrepreneurs, with an emphasis on those outside metropolitan cities and in challenging sectors such as deep tech, at a panel discussion as part of the ETPWLA 2024 International Women’s Day summit. Discover how inherent biases, structural barriers, and a lack of confidence in women’s capabilities continue to hinder access to funding despite progressive schemes.
Indian entrepreneurs are among the best in the world: Naspers CEO
Phuti Mahanyele is the chief executive of Naspers South Africa, a global technology investment group, which has huge investments in India as well. He was speaking at an event for International Women's Day.
ETPWLA 2024: The inaugural summit resonates with the ‘Include, Invest, Inspire’ theme for fostering funding, mentorship, and advocacy for women in leadership roles
Here are the key takeaways from the ETPrime Women Leadership Awards (ETPWLA) 2024 virtual launch summit, streamed LIVE on EconomicTimes.com from 11:00 am on March 7, 2024, where industry experts, trailblazing women leaders, and exceptional role models for women joined conversations addressing structural barriers, ingrained biases, and a lack of funding, mentoring, and trust in women’s capabilities to analyse diversity and inclusion ground up.
ETPWLA 2024: The foremost women leadership awards to put DEI front and centre
Ahead of International Women’s Day, the ET Prime Women Leadership Awards 2024 (ETPWLA 2024) virtual launch summit, to be held on March 7, 2024, will spotlight the most pertinent issues, challenges, and insights related to advancing diversity, equity, and inclusion in the workplace and the larger economy.
Cos talk up diversity but boards stay stubbornly male with needle barely moving in 6 yrs: Survey
Data from Deloitte Global Boardroom Program's Women in the Boardroom report, shared exclusively with ET, show that only 5.1% of the CEOs in the 400 listed companies on the MSCI index analysed are women - with the needle hardly moving from 3.4% in 2018. Data shows about 4.1% of board chairs are women compared with 4.5% in 2018.
Cars24 pledges to increase female representation in its workforce by 50% in 2024
The programme is aimed at fostering gender equality within the organisation and beyond, the company said. To bridge the gender gap and cultivate a more diverse and inclusive environment, the company is implementing targeted strategies designed to empower all employees to realise their full potential, it said.
Only 1.6% of companies listed on Fortune India 500 have women at the helm: Study
A study by Fortune India and SP Jain Institute of Management and Research has revealed that only 1.6% of companies listed on the Fortune India 500 have women at the helm, while the figures stand at 5% for the Fortune India Next 500. The study, supported by the Women and Child Development Ministry and Bill and Melinda Gates Foundation, engaged 130 industry leaders, with a representation of 54% female and 46% male CEOs, in 16 roundtable discussions across Delhi-NCR, Mumbai, Kolkata, and Bengaluru.
Women in top management feel overlooked by 'Old Boys' Club'
Despite shattering the glass ceiling, women professionals in India face challenges in breaking into 'old boys' networks' in corporate boards. Biases and the masculine culture hinder women's progress. To achieve gender equality, promoting diversity, inclusion, and addressing biases are crucial. Work-life balance, women representation in leadership roles, and gender inclusion initiatives are essential for creating inclusive and equal corporate environments.
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