Over 900 firms still to appoint women on to their boards
As many as 904 publicly traded companies are still to appoint women on to their boards, and many others have complied with the requirement that they have at least one woman director by picking those who are part of the promoter’s immediate or extended family. India’s stock market regulator has, in keeping with the new Companies Law, mandated that every publicly listed company have at least one woman director on its board. The deadline for this is 1 October. According to data from Prime Database, 904 companies had not yet appointed a woman director on their board till 30 June.
Read the Live Mint news report here.