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GENDER DIVERSITY IN CORPORATE BOARDROOMS AND ITS LEGAL IMPLICATION UNDER COMPANIES ACT 2013
Authors
Sakshi singh,Dr. Taru Mishra
Downlaod Center
Keywords
Diversity, potential, opportunities, Societal perceptions, empower, fortune, Governance.
Abstract
The topic of diversity in boardrooms is one that is frequently discussed in the context of modern corporate governance. Encouraging women to take on leadership positions is essential to promoting economic progress. More gender diversity on corporate boards is strongly justified, both macroeconomically (in terms of attaining greater, sustainable rates of economic development) and micro economically (in terms of the success of particular organizations).
Different nations have used different strategies to achieve the appropriate degree of diversity on corporate boards. While some countries have imposed quota systems that are required to be followed, others have chosen to take the "comply or explain" approach and establish voluntary standards that are detailed in their corporate governance laws.
Effective corporate decision-making in the rapidly evolving global economy of today greatly depends on accepting a variety of perspectives from various experiences and backgrounds. A varied board is better able to handle the obstacles of the contemporary business world and keep up with the quick speed of change. When it comes to creating successful goods and services aimed at women, female directors are particularly insightful about the wants and needs of their target audience. Beyond women's rights or numerical representation, gender diversity on boards is being pushed as a strategic imperative. The Companies Act of 2013 and SEBI's listing agreement, among other legal obligations, emphasize the need of gender diversity in corporate governance. But there is still a paucity of diversity on Indian boards; few corporations have any female representation. In Indian enterprises, the percentage of female directors was only 8.9% as of December 2014. One of the main barriers to women's advancement in Asia's business sector is the "double burden" that comes with juggling job and home obligations.
IJCRT's Publication Details
Unique Identification Number - IJCRT24A3275
Paper ID - 254343
Author type - Indian Author
Page Number(s) - k825-k834
Pubished in - Volume 12 | Issue 3 | March 2024
DOI (Digital Object Identifier) -
No Of Downloads - 65
Author Country - India, 226010, lucknow, lucknow, 226010, Other area not in list
Publisher Name - IJPUBLICATION | www.ijcrt.org | ISSN : 2320-2882
E-ISSN Number - 2320-2882
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Sakshi singh,Dr. Taru Mishra, "GENDER DIVERSITY IN CORPORATE BOARDROOMS AND ITS LEGAL IMPLICATION UNDER COMPANIES ACT 2013", International Journal of Creative Research Thoughts (IJCRT), ISSN:2320-2882, Volume.12, Issue 3, pp.k825-k834, March 2024, Available at :http://www.ijcrt.org/papers/IJCRT24A3275.pdf
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ISSN: 2320-2882 Impact Factor: 7.97 and ISSN APPROVED Journal Starting Year (ESTD) : 2013
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ISSN: 2320-2882 Impact Factor: 7.97 and ISSN APPROVED Journal Starting Year (ESTD) : 2013
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