Woman on board News

The current rules require that there must be one woman on the board, irrespective of her being an independent or executive director.

Certain class of listed and unlisted firms are required to comply with the woman director rules.

Ahead of SEBI`s April 1 deadline, thousands of companies rushed to recruit women directors, with many installing the wives and mother-in-laws of their top executives.

Central public sector enterprises (CPSEs) have been asked to appoint independent women directors on their boards to comply with norms, government told the Lok Sabha on Tuesday.

Jet did so to comply with the Sebi's norm for listed companies to have at least one woman director on board.

Pitching for greater gender diversity on its board, state-run banking giant SBI's Chairperson Arundhati Bhattacharya on Thursday said the bank wants some more women directors and has already suggested a few names to the government.

To ensure gender diversity in boardrooms, capital market watchdog Sebi should look at having at least one independent woman director in listed companies over a period of time, according to proxy advisory firm IiAS.

Seeking to broaden access to capital markets, regulator Sebi will come out with new guidelines for start-ups to raise funds through IPOs while a fresh set of norms will be soon put in place for setting up the country's first International Financial Services Centre (IFSC).