Open AccessGender Diversity on Corporate Boards – A Study of NSE Listed Companies
Author(s) -
Sonia Sharma
Publication year - 2016
Publication title -
international journal of applied research and studies
Language(s) - English
Resource type - Journals
ISSN - 2278-9480
DOI - 10.20908/ijars.v3i1.9464
Subject(s) - gender diversity , accounting , diversity (politics) , business , index (typography) , representation (politics) , on board , order (exchange) , sample (material) , corporate governance , political science , finance , geography , law , chemistry , archaeology , chromatography , politics , world wide web , computer science
The aim of this study is to examine gender diversity on boards of a sample of NIFTY 50 companies listed on NSE during the year 2012-13. It showed the present status of representation of women on board of directors. A literature review on how women directors bring economic and financial benefits to any organization was also undertaken in order to present the strong case for gender diversity. The relationship between gender diversity on boards and various characteristics of companies such as the size, profits, sales and age was also found. This study found that on an average 56% of the companies had at least one woman on their board but 32% companies have only male boards. Total no of directors on nifty index are 592 out of which 41 positions are held by women directors. It is recommended that companies should review their policies with respect to appointments of board of directors. Even women should also be encouraged to aspire to become board members.