( ISSN 2277 - 9809 (online) ISSN 2348 - 9359 (Print) ) New DOI : 10.32804/IRJMSH

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GENDER DIVERSITY ON CORPORATE BOARDS IN INDIA

    1 Author(s):  JYOTI BENIWAL

Vol -  6, Issue- 6 ,         Page(s) : 355 - 359  (2015 ) DOI : https://doi.org/10.32804/IRJMSH

Abstract

Board Diversity refer to the presence of women on corporate board of directors. The boardroom is where strategic decisions are made, governance applied and risk overseen. It is therefore imperative that boards are made up of competent high calibre individuals who together offer a mix of skills, experiences and backgrounds. Gender Diversity means to consider and to promote different skills, different resources and potentials of women and men as equivalent. Corporate boards perform better when they include the best people who come from a range of perspectives and backgrounds.

1. Laksmi Puri, UN Assistant Secretary General & Deputy Executive Director, UN Women, in an interview which appeared in Live Mint, July 18, 2014.
2. Rajya Sabha, Minister of State of Finance said that a total of 483,323 companies (including 126,000 public limited companies) are having women directors as board members, (Source : Statesman, July 15, 2014).
3. Women on Board—February 2011, Ibid.
4. Harvard Business Review, June 2013
5. Director and Merger and Acquisitions, by Kai Li, Sauder School of Business Office at the University of British Columbia, (published in the Journal of Corporate Finance (Source: Mint March 25, 2014
6. Basu, Amartya; Jayal, Naraja Gopal; Nussbaum, Martha; Tambiah, Yasmin, Essays on Gender and Governance, India: Human Development Resource Centre, United Nations Development Programme, 2003.
7. Bilimoria, D., & Piderit, S. K. (1994). Board committee membership: Effects of sexbased bias. Academy of Management Journal, 37, 1453–1477.
8. Clarkson, M. B. E. (1995). A stakeholder framework for analyzing and evaluating corporate social performance. Academy of Management Review, 20, 92–117.
9. Goldsmith, C. (2002). Norway Plans to Require Gender Equality on Corporate Boards. Wall Street Journal [New York, N.Y] 19 July 2002. 9.
10. Hillman, A. J., Cannella, A. A. Jr., & Harris, I. C. (2002). Women and racial minorities in the boardroom: How do directors differ? Journal of Management, 28, 747–763
11. Rhode, D. L. & Packel, A. K. (2010). Diversity on Corporate Boards: How Much Difference Does Difference Make? Rock Center for Corporate Governance, Working Paper Series - No. 89, September 2010.

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