Mandate for Women on Boards: Is it Enough?
DOI:
https://doi.org/10.6000/2817-2302.2023.02.11Keywords:
Women, corporate boards, companies act, discrimination, glass ceilingAbstract
The Companies Act, 2013, mandates the appointment of at least one woman on the board of directors of a company. While it does not mention whether she should be an independent director or not, the legislation creates a reservation based on sex. The paper examines whether and why such a mandate is needed for companies to be gender diverse. It highlights certain problems with the current legislation and provide rectifying measures for the same.
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