Thursday, January 17, 2013

Reservation For Women In The Board Of Directors

Reservation For Women In The Board Of Directors
Few days back I had to attend a conference in one of the eminent finance institutions of India. The brilliant panel of speakers had people coming from various strata of the finance and corporate sector. What baffled me as an audience was the ratio of women over male speakers, it was 1:10! This made me ponder over the present gender inequality in the corporate sector. True, that, the inequality was a product of socio-economic inequality rampant in the society. But, the real questions, which, struck me, were – Can such inequality be done with by merely granting reservation to the women in the Board of Directors of a Company? Can Social responsibility and Corporate Governance run hand in hand? Will such a settlement lead to a greater and a much more complex problem in the future? However, the questions that intrigued me the most was, will such a settlement of granting reservation to the women folks in the board of directors ensure their upliftment and emancipation in the Corporate sector? Moreover, will such a settlement of reservation for women in the corporate sector increase the efficiency of the corporation per se?
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