Gender Diversity In Boardroom

2366 Words10 Pages
Gender diversity in Indian boardroom

Legal Aspects of Business (LAB)
Term - I

Under the guidance of Prof. C. L. Bansal

Submitted by
PGPM (2014-16), Section – C
Group 8

Akanksha (14P124)
Bharath Bhushan (14P137)
Naman Singhal (14P150)
Priya Jadwani (14P156)
Salil Khurana (14P163)
Varun Singla (14P176)

Introduction
“The hand that rocks the cradle is the hand that rules the world.”
Yet, men still control the boards. Despite many efforts taken in many companies, government bodies consist of mostly male members. Women represent about 50% of the population and half of the workforce. In developed countries, the education level achieved by women are almost as equal to those of men, so it is not justified if we lose the potential value
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The issue of representation in the top management involves both moral arguments (equality between men and women) as well as economic arguments (firms with greater representation of women have superior performances compared with those with low representation). The various initiatives taken by different companies ranging from suggestions to strict laws have had different reactions as well as results.
Looking at this issue from a corporate governance standpoint, diversity on the boards with respect to individuals from different backgrounds could help in improving the functioning. The major areas this would affect are by drawing different experiences and bringing a wider perspective to the problems at hand. Gender diversity is one of these factors.
Countries like Australia, Canada, China, Hong Kong, New Zealand, Singapore, United States of America and the United Kingdom do not have mandatory quotas for gender diversity. However, in developed countries like Australia, New Zealand, and Canada, steps have been taken towards increasing the level of diversity. In addition, Lord Davies (life peer in the House of Lords) has made recommendations that UK listed companies in the FTSE 100 should be aiming for at least 25% gender diversity by 2015. This was followed by the UK Financial Reporting Council issuing a consultation on amendments to the UK Governance
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