Corporate governance experts see this as a positive development in ensuring gender diversity.
MUMBAI: Nearly 33% of the top 1,000 listed companies on the National Stock Exchange will have to appoint a woman independent director to meet new norms, following the decision by the Securities and Exchange Board of India (Sebi) to accept the Uday Kotak committee’s recommendation on the matter.
Prime Database data, shared exclusively with ET, show that 336 of the top 1,000 NSE-listed entities by market capitalisation will have to appoint a woman independent director by April 1, 2020, while 155 of the top 500 will have to do so by April 1, 2019.
“We now start to advocate for 2-2020, i.e., at least two women directors from 2020,” added Duggal, cofounder of the Women on Corporate Boards mentorship programme, which has produced about 100 boardready women. Women from this programme are serving on about 150 board positions.
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