Appointment of Women as Company’s Director: An Ascension Towards Women Empowerment

Appointment of Women as Company’s Director: An Ascension Towards Women Empowerment

ABSTRACT

This article discusses the inequalities faced by women in the corporate world and how the enactment of Companies Act, 2013 can paveway for the inclusion of more women in the top administration of a company by making the mandatory appointment of at least one woman director in its board. It also refers to the study done by Catalyst (a nonprofit research organization) on the administration of fortune 500 companies to assess the actual scenario of women representation in company boards after the introduction of the Companies Act, 2013. The analysis of their data reveals that the women board members are usually related to the promoters of the company and talented and experienced women outside the promoter’s group of family and friends may not get a chance to be part of a company’s board in spite of the fact that their induction may result in enhanced transparency, profitability and sustainability of corporate growth.

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