Women rep on boards up, but lags global avg

BENGALURU: Women representation on boards in India has increased by 5.9 percentage points over six years, from 11.4% in 2015 to 17.3% in 2021, according to a new gender diversity report from Credit Suisse. However, this number is still significantly below the global average of 24%.
India also saw a slight improvement in management diversity of 2 percentage points over the past two years, rising from 8% in 2019 to 10% in 2021. India holds the third lowest spot in the Asia-Pacific (Apac) region in terms of female representation at the senior management level, slightly ahead of South Korea (8%) and Japan (7%). Similarly, its female representation in CEOs (5%) and CFOs (4%) positions are also low.
Stock market regulator Sebi requires that the top 1,000 listed companies by market capitalisation must have a woman board member who is also an independent director. This mandate has helped to improve women’s numbers at the board level.
The report analyses the gender breakdown of 33,000 senior executives from over 3,000 companies across 46 countries, including more than 1,440 companies across 12 markets in Apac.
Europe and North America have the largest share of women in management roles, but the divide between these regions and the rest of the world is far less than at the board level. The gap at the management level is only 1 percentage point. The number of female CEOs globally has increased by 27%, though they still only account for 5.5% of the total.

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