India Inc yet to comply with Sebi's mandate on women directors
More than half the listed companies in the country have yet to comply with Sebi's mandate to have at least one woman director by October 1. This means India Inc needs to appoint an average of 25 women to company boards every day this month. According to an estimate by PRIME Database, 755 out of a total 1,469 companies listed on the NSE, or 51%, did not have a woman director as on August 31. The Sebi mandate was announced in February. Since then, so far 244 companies that did not have a woman on board earlier have appointed female directors, PRIME Database said in a press release. These firms have appointed 242 women to 251 directorship positions. Pranav Haldea, managing director at PRIME Database, said 220 of these women are first-time appointees to the board of a listed company.
Read the Economic Times news report here.