Women find a scarce representation in the board of Indian companies. In the list of the BSE 100 companies women occupy barely 5 per cent of the total number of directors on the company’s board.
A report prepared by the Virtcom Consulting for California Public Employees’ Retirement System’s (CalPERS) figures out that women hold only 17 per cent of corporate board seats at Fortune 100 companies even though they form over 50 per cent of the population.
The report states that companies having more gender diversified boards have higher performance and key financial metrics such as return on equity, return on sales, and return on invested capital.
According to the report, Norway has the highest 44.1 per cent, women members on company boards. Next comes Sweden with 26.9 per cent and Finland with 25.7 per cent.
However, in India, as per the March 2008 data, 56 companies from within the list of BSE 100 companies do not have a female member on its board.
ICICI Bank, JSW Steel and NMDC emerge as the most liberal gender diversified companies with each having three female board members.