Corporate Board Governance from Critical Mass Theory Lens: Revisiting Indian Companies Act 2013
DOI:
https://doi.org/10.69974/glskalp.01.03.56Keywords:
Indian Corporate Board, Woman Director, Gender Quota, Gender Parity, Companies Act, 2013Abstract
Indian gender quota rule mandates to have at least one-woman director on corporate board. Gender diversity of board is a tool to assess a corporate governance compliance. The subject can be addressed from legal, public policy, political science and business studies gamut considering and realising that corporate governance norm compliance is very significant. Gender quota provision chiefly impacts the composition of boards of directors and thus the strategic direction of these publicly traded and state-owned enterprises. Critical mass theory which is applied to various fields, could be applied in this field also to ensure efficacy of the board by merit and composition. This paper highlights the need for “atleast three women directors” or one-third of the board should be women directors” for making the change.
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