Women to Rule Boardrooms
SEBI has made it mandatory for all listed companies to appoint at least one female director before April 1, 2015, as per the tenants set by Companies act 2013. It was found that India stands at position 120 among 131 countries regarding female work cooperation as per the International Labor Organization (ILO). This rule was formed to increase and enhance female participation in the boardroom of companies in India.
Although the executives can appoint their relatives as directors in order to be done with the formality of this rule, but most companies are considering this as an opportunity and keeping the spirit of the rule alive, are appointing female directors who are worth the job.
"Organisations are searching for particular ability sets while selecting ladies executives, contingent upon the boards of trustees she will sit on. The most well-known aptitude sets, which organisations search for are administration, HR, back and general administration," said Pallavi Kathuria, initiative and board admonitory advisor at Egon Zehnder, an official inquiry firm.
This new rule is bound to increase women participation in businesses as well as bring out acceptance in the society for women directors. Women involvement will increase the productivity, sincerity and maintain the workplace aura in an organisation that will take the industry to new heights.
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