Explained: How Indian companies adhere to diversity requirements
The Sebi requires, since April 1, 2020, that the top 1000 listed companies by market capitalisation have a woman board member who is also an independent director. Updated: December 14, 2020 8:29:30 am
17 per cent of directors in the Nifty 500 companies were women, with 44 per cent of Nifty 500 companies having two or more women directors. (Representational image)
The NASDAQ stock exchange in the US may soon require all companies listed on the bourse to include at least one female board member as well as one member from a racial minority group or from the LGBTQ community on their board of directors. There also are in place diversity requirements from Indian companies and their compliance with these rules.