{"id":248455,"date":"2021-05-20T11:30:01","date_gmt":"2021-05-20T06:00:01","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=248455"},"modified":"2021-05-20T10:55:55","modified_gmt":"2021-05-20T05:25:55","slug":"women-in-indian-boardrooms-moving-beyond-tokenism","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2021\/05\/20\/women-in-indian-boardrooms-moving-beyond-tokenism\/","title":{"rendered":"Women in Indian boardrooms: Moving beyond tokenism"},"content":{"rendered":"<p style=\"text-align: justify;\"><a href=\"#_ftn2\" name=\"_ftnref2\"><\/a><\/p>\n<p style=\"text-align: justify;\">&#8220;Unwomanly&#8221; and &#8220;arrogant&#8221;: These were some of the comments which Valli Arunachalam, the fourth-generation scion of the Murugappa group (Group), would have to face when she presented her candidature for possibly becoming the first woman director at Ambadi Investments Limited (AIL), the holding company of the Group. As Valli rested her candidature on the combined 8.15% stake inherited from her father in light of <em>Vineeta Sharma <\/em>v.<em> Rakesh Sharma<\/em><a href=\"#_ftn3\" name=\"_ftnref3\">[1]<\/a>, her campaign came to an abrupt end when 91% of the Board voted against<a href=\"#_ftn4\" name=\"_ftnref4\">[2]<\/a> her\u00a0 candidature in its 79th AGM held on 21-9-2020. While such gender disparity scandals on the Boards of Indian family conglomerates are not unheard of, the issue seems grave when viewed in light of the oft-flouted corporate governance policies established for the same with regards to the listed entities.<\/p>\n<p style=\"text-align: justify;\">The policy measures adopted by the Indian Government and the Securities and Exchange Board of India (SEBI) have led to an increment<a href=\"#_ftn5\" name=\"_ftnref5\">[3]<\/a> in the number of women Board members in India from a lowly 5% in 2013 to a moderate 15% in 2019. However, Indian companies have rarely inducted more women on their Boards than the minimum stipulated requirement; only 2.2%<a href=\"#_ftn6\" name=\"_ftnref6\">[4]<\/a> of the Nifty-500 firms had more than three women in their boardrooms (2019). Despite various studies<a href=\"#_ftn7\" name=\"_ftnref7\">[5]<\/a> showing a positive correlation between the number of women in senior positions and the firm\u2019s performance, there were less than 5% women CEOs in India in 2019<a href=\"#_ftn8\" name=\"_ftnref8\"><sup>[6]<\/sup><\/a>. As per the NSE (National Stock Exchange) Infobase (data as on 21-4-2021), there are presently only 2044 women directors in NSE-listed companies as compared to 11416 directors in total. 1235 out of 5524 independent directors are female while 75 NSE-listed companies have no women directors on their Boards.<a href=\"#_ftn9\" name=\"_ftnref9\">[7]<\/a><\/p>\n<p style=\"text-align: justify;\">Apropos of the above, the authors have herein tried to highlight the current mandate of gender diversity in Indian boardrooms and the shortfalls in the present framework along with providing probable suggestions to promote gender diversity at the top echelon of Indian corporate structures.<\/p>\n<h4 style=\"text-align: justify;\"><span style=\"color: #ff0000;\"><strong>Extant framework<\/strong><\/span><\/h4>\n<p style=\"text-align: justify;\">As examined below, the current framework is a mix of statute, rules and guidelines:<\/p>\n<p style=\"text-align: justify;\">(<em>a<\/em>)\u00a0 The Companies Act, 2013 (Act) first introduced a provision mandating a woman director and laid the groundwork for the beginning of adequate representation in Indian boardrooms. The second proviso to Section 149(1) of the Act specifies that such class or classes of companies as may be prescribed shall have at least one-woman director.<a href=\"#_ftn10\" name=\"_ftnref10\">[8]<\/a><\/p>\n<p style=\"text-align: justify;\">(<em>b<\/em>)\u00a0 The Companies (Appointment and Qualification of Directors) Rules, 2014 (Rules) elucidates on the statutory provisions enshrined in the Act and specifies the classes of companies that shall have at least one-woman director. As per Rule 3<a href=\"#_ftn11\" name=\"_ftnref11\">[9]<\/a>, these are:<\/p>\n<ol style=\"text-align: justify;\">\n<li>Every listed company.<\/li>\n<li>Every other public company with either a paid-up capital of INR 100 crores or more, or a turnover of INR 300 crores or more.<\/li>\n<\/ol>\n<p style=\"text-align: justify;\">A specified company under the provisions of the rule has six months from the date of incorporation to comply with the provisions. Furthermore, in case such a woman director resigns then the company has to fill the vacancy at the earliest but not later than 3 months or the next meeting of the Board, whichever is later.<\/p>\n<p style=\"text-align: justify;\">(<em>c<\/em>) Section 450 of the Act deals with &#8220;punishment where no specific penalty or punishment is provided&#8221;.<a href=\"#_ftn12\" name=\"_ftnref12\">[10]<\/a> While the second proviso to Section 149(1) and Rule 3 both do not specify any penalty or punishment for non-compliance, Section 450 prescribes punishment for contravention of such provisions. It lays down a structure of fines for companies, officers of such companies or any other person which can extend to INR 2 lakhs for companies and INR 50000 for individuals\/officers.<\/p>\n<p style=\"text-align: justify;\">(<em>d<\/em>) An Equity Listing Agreement is a 54-clause agreement executed between the stock exchange and the entity which is being listed on it. The main purpose of this agreement is to ensure that companies follow good corporate governance practices. The stock exchange on behalf of the market regulator (SEBI) ensures that listed entities comply with the agreement. Clause 49(II)(A)(1) of the agreement specifies that the Board of Directors (BoD) of the company shall have at least one-woman director.<a href=\"#_ftn13\" name=\"_ftnref13\">[11]<\/a> The timeline to comply with the same was till 31-3-2015. SEBI vide its circular dated 8-4-2015 prescribed a fine structure for non-compliance with Clause 49(II)(A)(1).<a href=\"#_ftn14\" name=\"_ftnref14\">[12]<\/a> Pursuant to this circular, several listed entities were fined by stock exchanges.<a href=\"#_ftn15\" name=\"_ftnref15\">[13]<\/a><\/p>\n<p style=\"text-align: justify;\">(<em>e<\/em>) The market regulator, SEBI, has a series of regulations to govern and regulate listed entities. Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Regulations) is one such set of regulations used by SEBI to regulate listed entities. Regulation 17(1)(<em>a<\/em>) provides that a listed entity should have at least one-woman director on its Board.<a href=\"#_ftn16\" name=\"_ftnref16\">[14]<\/a><\/p>\n<p style=\"text-align: justify;\">To facilitate the implementation of these Regulations, SEBI released a circular dated 22-1-2020 on streamlining of fines for non\u2013compliance of listing obligations and disclosure requirements (LODR) by listed entities and standard operating procedure (SoP) for suspension and revocation of trading of specified securities (circular).<a href=\"#_ftn17\" name=\"_ftnref17\">[15]<\/a> Annexure I of this circular prescribes a fine of INR 5000 per day for non-compliance by a listed entity with the provisions of Regulation 17(1). As per Annexure II, non-compliance, and non-payment of fine can result in freezing of shares of the promoter(s). Non-compliance with the provisions of Regulation 17(1) for two consecutive quarters can result in the scrip (share\/stock of a listed entity) of the entity being placed in category Z. This means that the scrip is suspended from trading and cannot be traded intraday. The scrip is thus traded on a &#8220;trade for trade&#8221; basis only on selected days which are specified by the regulator. Pursuant to this, a number of entities were fined<a href=\"#_ftn18\" name=\"_ftnref18\">[16]<\/a> under a previous version<a href=\"#_ftn19\" name=\"_ftnref19\">[17]<\/a> of these SOPs issued in 2018 for not complying with the Regulations.<\/p>\n<h4 style=\"text-align: justify;\"><span style=\"color: #ff0000;\"><strong>The way forward<\/strong><\/span><\/h4>\n<p style=\"text-align: justify;\">Based on the above regulatory framework, the authors have observed certain areas which, if given further focus, could help in moving the mandate beyond mere representation, towards equality.<\/p>\n<p style=\"text-align: justify;\">(<em>a<\/em>) The Ministry of Corporate Affairs, by way of a notification dated 4-1-2017 excluded \u201cSpecified International Financial Services Centres (IFSC) Companies\u201d from the purview of the second proviso to Section 149(1) of the Act.<a href=\"#_ftn20\" name=\"_ftnref20\">[18]<\/a> While the overall purpose of the said notification was to reduce statutory compliances\/hurdles that specified IFSC Companies have to deal with, the issue of ensuring adequate representation of women in BoD should not be reduced to something that is looked upon as a mere statutory compliance\/hurdle for a company.<\/p>\n<p style=\"text-align: justify;\">(<em>b<\/em>) As per the second proviso of Rule 3 of the Rules, any intermittent vacancy of a woman director shall be filled-up by the Board at the earliest but not later than immediate next Board meeting or three months from the date of such vacancy, whichever is later. A maximum period of 120 days is permissible between two board meetings. Thus, any intermittent vacancy of a woman director must be filled up between 90-120 days by the Board. However, Annexure II, Paragraph 2 point (<em>a<\/em>) of the SEBI circular dated 22-1-2020<a href=\"#_ftn21\" name=\"_ftnref21\">[19]<\/a> allows listed companies a period of 180 days (two consecutive quarters) to not comply with LODR Regulation 17(1) before action is initiated for suspension of trading of shares of the said entity. This period in the circular should be reduced to be in consonance with the period stated in Rule 3.<\/p>\n<p style=\"text-align: justify;\">(<em>c<\/em>) Although the provisions for both independent and women directors are corporate governance measures, however, the dissonance therein is apparent. Rule 3 of the Rules mandates that every public company with either a paid-up capital of INR 100 crores or more or a turnover of INR 300 crores or more must have at least one female director. Rule 4 mandates that every public company with either the paid-up share capital of INR 10 crores or more or turnover of INR 100 crores or more must have independent directors.<a href=\"#_ftn22\" name=\"_ftnref22\">[20]<\/a> Thus, in order to widen the base of companies having the gender diversity mandate, it is advisable to lower the pecuniary threshold limits in Rule 3 in a phased manner to a level similar to that in Rule 4.<\/p>\n<p style=\"text-align: justify;\">(<em>d<\/em>) At present, the Companies Act, associated rules, and SEBI Regulations prescribe one woman director. To increase the number of women directors, this number can be revised to a proportion or a fraction of the Board for certain specified entities.<\/p>\n<h4 style=\"text-align: justify;\"><span style=\"color: #ff0000;\"><strong>Concluding remarks<\/strong><\/span><\/h4>\n<p style=\"text-align: justify;\">As is indicated from the aforesaid discussion, a holistic framework has been developed in the nation to encourage the representation of women in key positions at corporates. However, the latest figures given by the NSE suggest a stark contrast between the ideated measures and ground realities. The need of the hour is strict implementation of the above framework and modification of the same to increase compliance and coverage rates.<\/p>\n<hr \/>\n<p style=\"text-align: justify;\"><a href=\"#_ftnref1\" name=\"_ftn1\">\u2020<\/a> 4th year BA, LLB (Hons) student at Rajiv Gandhi National University of Law, Punjab.<\/p>\n<p style=\"text-align: justify;\"><a href=\"#_ftnref2\" name=\"_ftn2\">\u2020\u2020<\/a> 4th year BA, LLB (Hons) student at Rajiv Gandhi National University of Law, Punjab.<\/p>\n<p style=\"text-align: justify;\"><a href=\"#_ftnref3\" name=\"_ftn3\">[1]<\/a><a href=\"http:\/\/www.scconline.com\/DocumentLink\/7XYuM33k\"> (2020) 9 SCC 1<\/a><\/p>\n<p style=\"text-align: justify;\"><a href=\"#_ftnref4\" name=\"_ftn4\">[2]<\/a><em> See<\/em>, &#8220;<a href=\"https:\/\/www.cnbctv18.com\/business\/companies\/murugappa-family-feud-rages-on-valli-aruncahalam-denied-board-position-6985231.htm\/amp\">Murugappa Group Family Feud Rages On; Valli Arunchalam Denied Board Position<\/a>&#8220;<\/p>\n<p style=\"text-align: justify;\"><a href=\"#_ftnref5\" name=\"_ftn5\">[3]<\/a> <em>See<\/em>, &#8220;<a href=\"https:\/\/www.livemint.com\/companies\/news\/more-women-are-joining-corporate-boards-but-very-few-get-the-corner-office-11583133282585.html\">More Women are Joining Boards but Few Get Corner Office<\/a>&#8220;<\/p>\n<p style=\"text-align: justify;\"><a href=\"#_ftnref6\" name=\"_ftn6\">[4]<\/a> <em>Ibid.<\/em><\/p>\n<p style=\"text-align: justify;\"><a href=\"#_ftnref7\" name=\"_ftn7\">[5]<\/a> <em>See,<\/em> IMF Working Paper titled &#8220;<a href=\"https:\/\/www.imf.org\/external\/pubs\/ft\/wp\/2016\/wp1650.pdf\">Gender Diversity in Senior Positions and Firm Performance: Evidence from Europe<\/a>&#8220;<\/p>\n<p style=\"text-align: justify;\"><a href=\"#_ftnref8\" name=\"_ftn8\">[6]<\/a> <em>Supra <\/em>note 3.<\/p>\n<p style=\"text-align: justify;\"><a href=\"#_ftnref9\" name=\"_ftn9\">[7]<\/a> <em>See,<\/em> <a href=\"https:\/\/www.nseinfobase.com\/indianboards\/pages\/index.aspx\">NSE Infobase<\/a><\/p>\n<p style=\"text-align: justify;\"><a href=\"#_ftnref10\" name=\"_ftn10\">[8]<\/a> <a href=\"http:\/\/www.scconline.com\/DocumentLink\/hg5K31TL\">S. 149(1), Companies Act, 2013<\/a><\/p>\n<p style=\"text-align: justify;\"><a href=\"#_ftnref11\" name=\"_ftn11\">[9]<\/a> <a href=\"http:\/\/www.scconline.com\/DocumentLink\/8kG2405V\">R. 3, The Companies (Appointment and Qualification of Directors) Rules, 2014<\/a><\/p>\n<p style=\"text-align: justify;\"><a href=\"#_ftnref12\" name=\"_ftn12\">[10]<\/a> <a href=\"http:\/\/www.scconline.com\/DocumentLink\/n9ilpDQ8\">S. 450, Companies Act, 2013\u00a0<\/a><\/p>\n<p style=\"text-align: justify;\"><a href=\"#_ftnref13\" name=\"_ftn13\">[11]<\/a> <a href=\"https:\/\/www.sebi.gov.in\/sebi_data\/attachdocs\/1397734478112.pdf\">Cl. 49(II)(A)(1), Equity Listing Agreement<\/a><\/p>\n<p style=\"text-align: justify;\"><a href=\"#_ftnref14\" name=\"_ftn14\">[12]<\/a><a href=\"https:\/\/www.sebi.gov.in\/legal\/circulars\/apr-2015\/fine-structure-for-non-compliance-with-the-requirement-of-clause-49-ii-a-1-of-listing-agreement_29567.html\"> SEBI Circular dated 8-4-2015<\/a><\/p>\n<p style=\"text-align: justify;\"><a href=\"#_ftnref15\" name=\"_ftn15\">[13]<\/a> <em>See,<\/em> <a href=\"https:\/\/economictimes.indiatimes.com\/news\/company\/corporate-trends\/women-directors-1375-bse-191-nse-companies-fined-for-non-compliance\/articleshow\/52153245.cms\">&#8220;Woman Directors: 1,375 BSE, 191 NSE Companies Fined for Non-Compliance&#8221;<\/a><\/p>\n<p style=\"text-align: justify;\"><a href=\"#_ftnref16\" name=\"_ftn16\">[14]<\/a><a href=\"http:\/\/www.scconline.com\/DocumentLink\/sp93qLK4\"> Regn. 17(1)(<em>a<\/em>), Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015<\/a><\/p>\n<p style=\"text-align: justify;\"><a href=\"#_ftnref17\" name=\"_ftn17\">[15]<\/a><a href=\"https:\/\/www.sebi.gov.in\/legal\/circulars\/jan-2020\/non-compliance-with-certain-provisions-of-the-sebi-listing-obligations-and-disclosure-requirements-regulations-2015-and-the-standard-operating-procedure-for-suspension-and-revocation-of-trading-of-_45752.html\"> SEBI Circular dated 22-1-2020<\/a><\/p>\n<p style=\"text-align: justify;\"><a href=\"#_ftnref18\" name=\"_ftn18\">[16]<\/a> <em>See<\/em>, <a href=\"https:\/\/www.livemint.com\/market\/stock-market-news\/nse-penalises-250-companies-for-non-compliance-of-listing-disclosure-norms-1557919835325.html\">&#8220;NSE Penalises 250 Companies for Non-Compliance with Listing, Disclosure Norm&#8221;<\/a><\/p>\n<p style=\"text-align: justify;\"><a href=\"#_ftnref19\" name=\"_ftn19\">[17]<\/a> <a href=\"https:\/\/www.sebi.gov.in\/legal\/circulars\/may-2018\/non-compliance-with-provisions-of-sebi-listing-obligations-and-disclosure-requirements-regulations-2015-and-standard-operating-procedure-for-suspension-and-revocation-of-trading-of-specified-securi-_38841.html\">SEBI Circular dated 3-5-2018<\/a><\/p>\n<p style=\"text-align: justify;\"><a href=\"#_ftnref20\" name=\"_ftn20\">[18]<\/a> <a href=\"http:\/\/ebook.mca.gov.in\/notificationdetail.aspx?acturl=6CoJDC4uKVUR7C9Fl4rZdatyDbeJTqg3ks3gwg9KmdTHOB\/K5jVGhQ==\">Ministry of Corporate Affairs Notification dated 4-1-2017<\/a><\/p>\n<p style=\"text-align: justify;\"><a href=\"#_ftnref21\" name=\"_ftn21\">[19]<\/a><em>Supra <\/em>note 15<em>.<\/em><\/p>\n<p style=\"text-align: justify;\"><a href=\"#_ftnref22\" name=\"_ftn22\">[20]<\/a> <a href=\"http:\/\/www.scconline.com\/DocumentLink\/8kG2405V\">R. 4, Companies (Appointment and Qualification of Directors) Rules, 2014<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>by Namrata Rawat\u2020 and Shiva Gaur\u2020\u2020<\/p>\n","protected":false},"author":67011,"featured_media":248456,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[42503,1191],"tags":[27634,31839,45930,16701],"class_list":["post-248455","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-legal-analysis","category-op-ed","tag-companies-act","tag-women-empowerment","tag-women-in-boardrooms","tag-women-rights"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.4 (Yoast SEO v26.4) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Women in Indian boardrooms: Moving beyond tokenism | SCC Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.scconline.com\/blog\/post\/2021\/05\/20\/women-in-indian-boardrooms-moving-beyond-tokenism\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Women in Indian boardrooms: Moving beyond tokenism\" \/>\n<meta property=\"og:description\" content=\"by Namrata Rawat\u2020 and Shiva Gaur\u2020\u2020\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.scconline.com\/blog\/post\/2021\/05\/20\/women-in-indian-boardrooms-moving-beyond-tokenism\/\" \/>\n<meta property=\"og:site_name\" content=\"SCC Times\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/scc.online\/\" \/>\n<meta property=\"article:published_time\" content=\"2021-05-20T06:00:01+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/05\/MicrosoftTeams-image-45.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1330\" \/>\n\t<meta property=\"og:image:height\" content=\"887\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Editor\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Editor\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"8 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.scconline.com\/blog\/post\/2021\/05\/20\/women-in-indian-boardrooms-moving-beyond-tokenism\/\",\"url\":\"https:\/\/www.scconline.com\/blog\/post\/2021\/05\/20\/women-in-indian-boardrooms-moving-beyond-tokenism\/\",\"name\":\"Women in Indian boardrooms: Moving beyond tokenism | SCC Times\",\"isPartOf\":{\"@id\":\"https:\/\/www.scconline.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.scconline.com\/blog\/post\/2021\/05\/20\/women-in-indian-boardrooms-moving-beyond-tokenism\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.scconline.com\/blog\/post\/2021\/05\/20\/women-in-indian-boardrooms-moving-beyond-tokenism\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/05\/MicrosoftTeams-image-45.jpg\",\"datePublished\":\"2021-05-20T06:00:01+00:00\",\"author\":{\"@id\":\"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/84e42bab48238baf12c7e33b3d9761fe\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.scconline.com\/blog\/post\/2021\/05\/20\/women-in-indian-boardrooms-moving-beyond-tokenism\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.scconline.com\/blog\/post\/2021\/05\/20\/women-in-indian-boardrooms-moving-beyond-tokenism\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.scconline.com\/blog\/post\/2021\/05\/20\/women-in-indian-boardrooms-moving-beyond-tokenism\/#primaryimage\",\"url\":\"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/05\/MicrosoftTeams-image-45.jpg\",\"contentUrl\":\"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/05\/MicrosoftTeams-image-45.jpg\",\"width\":1330,\"height\":887},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.scconline.com\/blog\/post\/2021\/05\/20\/women-in-indian-boardrooms-moving-beyond-tokenism\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.scconline.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Women in Indian boardrooms: Moving beyond tokenism\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.scconline.com\/blog\/#website\",\"url\":\"https:\/\/www.scconline.com\/blog\/\",\"name\":\"SCC Times\",\"description\":\"Bringing you the Best Analytical Legal News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.scconline.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/84e42bab48238baf12c7e33b3d9761fe\",\"name\":\"Editor\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/34e366be721c41333586de05faa13743195f5b142dcd7a015c6fabd2389521d0?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/34e366be721c41333586de05faa13743195f5b142dcd7a015c6fabd2389521d0?s=96&d=mm&r=g\",\"caption\":\"Editor\"},\"url\":\"https:\/\/www.scconline.com\/blog\/post\/author\/editor_4\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Women in Indian boardrooms: Moving beyond tokenism | SCC Times","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.scconline.com\/blog\/post\/2021\/05\/20\/women-in-indian-boardrooms-moving-beyond-tokenism\/","og_locale":"en_US","og_type":"article","og_title":"Women in Indian boardrooms: Moving beyond tokenism","og_description":"by Namrata Rawat\u2020 and Shiva Gaur\u2020\u2020","og_url":"https:\/\/www.scconline.com\/blog\/post\/2021\/05\/20\/women-in-indian-boardrooms-moving-beyond-tokenism\/","og_site_name":"SCC Times","article_publisher":"https:\/\/www.facebook.com\/scc.online\/","article_published_time":"2021-05-20T06:00:01+00:00","og_image":[{"width":1330,"height":887,"url":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/05\/MicrosoftTeams-image-45.jpg","type":"image\/jpeg"}],"author":"Editor","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Editor","Est. reading time":"8 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.scconline.com\/blog\/post\/2021\/05\/20\/women-in-indian-boardrooms-moving-beyond-tokenism\/","url":"https:\/\/www.scconline.com\/blog\/post\/2021\/05\/20\/women-in-indian-boardrooms-moving-beyond-tokenism\/","name":"Women in Indian boardrooms: Moving beyond tokenism | SCC Times","isPartOf":{"@id":"https:\/\/www.scconline.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.scconline.com\/blog\/post\/2021\/05\/20\/women-in-indian-boardrooms-moving-beyond-tokenism\/#primaryimage"},"image":{"@id":"https:\/\/www.scconline.com\/blog\/post\/2021\/05\/20\/women-in-indian-boardrooms-moving-beyond-tokenism\/#primaryimage"},"thumbnailUrl":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/05\/MicrosoftTeams-image-45.jpg","datePublished":"2021-05-20T06:00:01+00:00","author":{"@id":"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/84e42bab48238baf12c7e33b3d9761fe"},"breadcrumb":{"@id":"https:\/\/www.scconline.com\/blog\/post\/2021\/05\/20\/women-in-indian-boardrooms-moving-beyond-tokenism\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.scconline.com\/blog\/post\/2021\/05\/20\/women-in-indian-boardrooms-moving-beyond-tokenism\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.scconline.com\/blog\/post\/2021\/05\/20\/women-in-indian-boardrooms-moving-beyond-tokenism\/#primaryimage","url":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/05\/MicrosoftTeams-image-45.jpg","contentUrl":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/05\/MicrosoftTeams-image-45.jpg","width":1330,"height":887},{"@type":"BreadcrumbList","@id":"https:\/\/www.scconline.com\/blog\/post\/2021\/05\/20\/women-in-indian-boardrooms-moving-beyond-tokenism\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.scconline.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Women in Indian boardrooms: Moving beyond tokenism"}]},{"@type":"WebSite","@id":"https:\/\/www.scconline.com\/blog\/#website","url":"https:\/\/www.scconline.com\/blog\/","name":"SCC Times","description":"Bringing you the Best Analytical Legal News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.scconline.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/84e42bab48238baf12c7e33b3d9761fe","name":"Editor","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/34e366be721c41333586de05faa13743195f5b142dcd7a015c6fabd2389521d0?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/34e366be721c41333586de05faa13743195f5b142dcd7a015c6fabd2389521d0?s=96&d=mm&r=g","caption":"Editor"},"url":"https:\/\/www.scconline.com\/blog\/post\/author\/editor_4\/"}]}},"jetpack_featured_media_url":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/05\/MicrosoftTeams-image-45.jpg","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":282227,"url":"https:\/\/www.scconline.com\/blog\/post\/2023\/01\/23\/quashed-determination-made-by-respondents-and-held-that-since-association-of-indian-universities-had-issued-equivalence-same-made-her-eligible-for-post-legal-news-legal-research-updates\/","url_meta":{"origin":248455,"position":0},"title":"Rajasthan High Court upholds the validity of equivalence certificate issued by Association of Indian Universities","author":"Editor","date":"January 23, 2023","format":false,"excerpt":"The Rajasthan High Court, after perusing the certificate issued by Association of Indian Universities and the notification issued by Ministry of Education, stated that AIU had issued equivalence certificate with regard to the qualification of the petitioner making the petitioner eligible for the post.","rel":"","context":"In &quot;Case Briefs&quot;","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"Rajasthan High Court","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/11\/MicrosoftTeams-image40.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":264096,"url":"https:\/\/www.scconline.com\/blog\/post\/2022\/03\/22\/cancellation-of-candidature-on-the-ground-of-typographical-error-arbitrary-and-grossly-disproportionate\/","url_meta":{"origin":248455,"position":1},"title":"MP HC | Cancellation of candidature on the ground of typographical error arbitrary and grossly disproportionate; Court allows petition","author":"Editor","date":"March 22, 2022","format":false,"excerpt":"Madhya Pradesh High Court: Pranay Verma, J., allowed a petition which was filed praying for a direction to consider petitioner's candidature for the post of Office Assistant (Multi purpose) and to issue appointment order in her favour in light of offer letter. Institute of Banking Personnel Selection (IBPS) issued advertisement\u2026","rel":"","context":"In &quot;Case Briefs&quot;","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":249467,"url":"https:\/\/www.scconline.com\/blog\/post\/2021\/06\/09\/obc-ncl-certificate\/","url_meta":{"origin":248455,"position":2},"title":"Rejection of candidature for belated submission of OBC-NCL certificate illegal; Kerala HC directs to reconsider candidature of woman who failed to submit certificate on time due to pregnancy","author":"Editor","date":"June 9, 2021","format":false,"excerpt":"Kerala High Court: The Division Bench of Alexander Thomas and K. Babu, JJ., held that rejection of the candidature of the respondent from the OBC category on the mere ground of belated submission of the relevant OBC-NCL certificate was violative of Article 14 and 16 of the Constitution. The Bench\u2026","rel":"","context":"In &quot;Case Briefs&quot;","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":248260,"url":"https:\/\/www.scconline.com\/blog\/post\/2021\/05\/15\/utt-hc-degree-of-m-a-in-public-administration-equivalent-to-a-degree-of-m-a-in-political-science-as-per-ugc-ukpsc-directed-to-consider-candidature-for-appointment-as-assistant-professor\/","url_meta":{"origin":248455,"position":3},"title":"Utt HC| Degree of M.A. in Public Administration equivalent to a degree of M.A. in Political Science as per UGC; UKPSC directed to consider candidature for appointment as Assistant Professor","author":"Editor","date":"May 15, 2021","format":false,"excerpt":"Uttaranchal High Court: The Division Bench of Raghvendra Singh Chauhan, CJ., and Alok Kumar Verma, J., decided over a petition which was filed by the petitioner challenging the legality of the order dated 19-02-2020, whereby she was denied the chance to appear for interview for the post of Assistant Professor\u2026","rel":"","context":"In &quot;Case Briefs&quot;","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":211308,"url":"https:\/\/www.scconline.com\/blog\/post\/2019\/03\/04\/mp-hc-experience-certificate-cannot-be-equated-with-experience-attained-after-b-ed-degree\/","url_meta":{"origin":248455,"position":4},"title":"MP HC | Experience certificate cannot be equated with experience attained after B.Ed. degree","author":"Bhumika Indulia","date":"March 4, 2019","format":false,"excerpt":"Madhya Pradesh High Court: This petition was filed before the Bench of Vivek Rusia, J., where petitioner was aggrieved by the order whereby her candidature for the post of Lecturer (Hearing Disabled) was rejected.\u00a0 The post was liable to be filled by direct recruitment under Rule 8 of M.P. Social\u2026","rel":"","context":"In &quot;Case Briefs&quot;","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":320298,"url":"https:\/\/www.scconline.com\/blog\/post\/2024\/04\/18\/sc-grants-interim-relief-allows-participation-in-selection-of-navik-in-indian-coast-guard-legal-news\/","url_meta":{"origin":248455,"position":5},"title":"Candidature rejected for late submission of OBC certificate| SC grants ad interim relief, allows participation in selection process of Navik in Indian Coast Guard","author":"Editor","date":"April 18, 2024","format":false,"excerpt":"The candidate had secured 88 marks, which was more than the cut-off of 84 marks in the \u2018general category\u2019 and 82 marks in the \u2018OBC category\u2019.","rel":"","context":"In &quot;Case Briefs&quot;","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"late submission of OBC certificate","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/04\/late-submission-of-OBC-certificate.webp?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/04\/late-submission-of-OBC-certificate.webp?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/04\/late-submission-of-OBC-certificate.webp?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/04\/late-submission-of-OBC-certificate.webp?resize=700%2C400&ssl=1 2x"},"classes":[]}],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/248455","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/users\/67011"}],"replies":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/comments?post=248455"}],"version-history":[{"count":0,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/248455\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media\/248456"}],"wp:attachment":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media?parent=248455"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/categories?post=248455"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/tags?post=248455"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}