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ITC's hotel business will not have any board representation from its largest shareholder, BAT, according to a demerger document. BAT will own 15.32% in ITC Hotels as foreign direct investment, making it the largest public shareholder after ITC's promoter holding of 39.93%. BAT's chief executive Tadeu Marroco stated last December that ITC's hotel business was not an area of interest for the British tobacco maker.

​The Vedanta group company has nine board members, of which five are women. Pointing out that there are barriers, including psychological, to inclusion of more women in the workforce, especially in male-dominated sectors of mining and manufacturing, Priya Agarwal Hebbar said, “It is also got to do with whether companies have the right policies to attract women.”

VF Corp, the owner of the North Face, Vans and Timberland brands, said on Tuesday it will appoint one new board member and select a second with input from activist investor Engaged Capital. Engaged, which has a 1.3% stake in VF, has been pushing for board representation and further restructuring since disclosing its position in the company late last year. Caroline Brown, who worked at investment firm Closed Loop Partners and was previously chief executive officer at Donna Karan International, will join the board immediately.

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