Keeping in view the recent argument by the Ministry of Corporate Affairs on the presence of a woman director on the board of companies in the proposed Companies Bill, the PHD Chamber of Commerce and Industry commissioned a study on ‘Board Diversity – A Gender Perspective’ which was conducted by the research firm Juxt-New Age Market Research.
In the study feedback was received from 280 board members who were able to present the findings. The responses were collected using a mix of online self-filling questionnaire and telephonically assisted questionnaire. The data collection was conducted from November 2011 to December 2011.
Are women well represented on the boards of Indian companies? With a new report out on the subject, we asked some observers what they thought.
It is very apparent from the study that, one of the major issues still remains centered around the inertia that there is no need to add women on board. The other one being non-availability of professional women at the managerial level companies suggest the need for improving the pipeline for women to reach these benchmarks.
The status on women inclusion policy is fairly poor with only about 8% board members completely agreeing to have a policy.
It is interesting to find that relatively more female board members agree that, ‘women member’s contribution to the boardroom can have a positive impact on company’s performance and bottom line’, ‘women are more able in considering issues in a rounded and holistic way’ and ‘there must be more than one women.