Mumbai: Also as a percentage of women in leadership Positions in the corporate world have increased in the country, with fewer women serving as board chairpersons, suggests a report.
The seventh edition of Deloitte Global’s ‘Women in the Boardroom’ report revealed that the share of women in board seats in India is 17.1 per cent, an increase of 9.4 per cent from the 2014 edition when a woman in the Companies Act, 2013 It was mandatory to be a member. every board.
However, only 3.6 per cent of the board’s chairs are women, a drop of 0.9 per cent since 2018.
According to the report, the increase in the number of board members by 17.1 per cent and the percentage of female chairpersons has come down to 3.6 per cent over the past four years, mainly meaning that although the representation of women in boardrooms has increased. The chair positions occupied by women have decreased.
The report found that globally, 19.7 per cent of board seats are held by women, an increase of 2.8 per cent since 2018, compared to 1.9 per cent in 2016-2018.
The Deloitte report states that at this pace, the world can only hope to reach near parity in 2045.
Austria, Canada, Ireland, Italy, Poland, Portugal, Spain, the UK and the US saw the most significant increase in the number of women in board chairs.
The seventh edition of Deloitte Global’s Women in Boardroom Report includes updates from 72 countries, including India, on the representation of women in boardrooms, understanding the political, social and legislative trends behind these numbers.
The report further revealed that although India saw a decline in board chairs held by women in 2021, it saw an increase in the number of women holding CEO roles – 4.7 per cent female CEOs as against 3.4 per cent reported in 2018. .
Globally, companies with female CEOs have significantly more women on their boards than men – 33.5 percent compared to 19.4 percent respectively.
According to the report, the figures are similar for companies with female chairs (30.8 percent of women on the board and 19.4 percent respectively).
The opposite is also true – gender-diverse boards are more likely to appoint female CEOs and board presidents, it said.
The report said that the average tenure of women directors in India increased from 5 years in 2018 to 5.1 years in 2021.
Globally, the number declined from 5.5 years in 2018 to 5.1 years in 2021, especially in markets such as the US (from 6.3 years in 2018 to 5.3 years in 2021), the UK (from 4.1 years in 2021 to 3.6 years), and Canada. (5.7 years to 5.2 years), it said.
Deloitte India chairperson Atul Dhawan said that while Indian regulators have put in place a holistic framework to encourage representation of women in key positions in corporations, the numbers suggest a significant gap between well thought-out measures and ground reality.
With constant disruption and the current pace of change, the case for diverse boards working with a unified objective is becoming stronger than ever, he said, adding that it is time for more attention from Indian corporations on gender diversity and gender equality. be given. ,
The seventh edition of Deloitte Global’s ‘Women in the Boardroom’ report revealed that the share of women in board seats in India is 17.1 per cent, an increase of 9.4 per cent from the 2014 edition when a woman in the Companies Act, 2013 It was mandatory to be a member. every board.
However, only 3.6 per cent of the board’s chairs are women, a drop of 0.9 per cent since 2018.
According to the report, the increase in the number of board members by 17.1 per cent and the percentage of female chairpersons has come down to 3.6 per cent over the past four years, mainly meaning that although the representation of women in boardrooms has increased. The chair positions occupied by women have decreased.
The report found that globally, 19.7 per cent of board seats are held by women, an increase of 2.8 per cent since 2018, compared to 1.9 per cent in 2016-2018.
The Deloitte report states that at this pace, the world can only hope to reach near parity in 2045.
Austria, Canada, Ireland, Italy, Poland, Portugal, Spain, the UK and the US saw the most significant increase in the number of women in board chairs.
The seventh edition of Deloitte Global’s Women in Boardroom Report includes updates from 72 countries, including India, on the representation of women in boardrooms, understanding the political, social and legislative trends behind these numbers.
The report further revealed that although India saw a decline in board chairs held by women in 2021, it saw an increase in the number of women holding CEO roles – 4.7 per cent female CEOs as against 3.4 per cent reported in 2018. .
Globally, companies with female CEOs have significantly more women on their boards than men – 33.5 percent compared to 19.4 percent respectively.
According to the report, the figures are similar for companies with female chairs (30.8 percent of women on the board and 19.4 percent respectively).
The opposite is also true – gender-diverse boards are more likely to appoint female CEOs and board presidents, it said.
The report said that the average tenure of women directors in India increased from 5 years in 2018 to 5.1 years in 2021.
Globally, the number declined from 5.5 years in 2018 to 5.1 years in 2021, especially in markets such as the US (from 6.3 years in 2018 to 5.3 years in 2021), the UK (from 4.1 years in 2021 to 3.6 years), and Canada. (5.7 years to 5.2 years), it said.
Deloitte India chairperson Atul Dhawan said that while Indian regulators have put in place a holistic framework to encourage representation of women in key positions in corporations, the numbers suggest a significant gap between well thought-out measures and ground reality.
With constant disruption and the current pace of change, the case for diverse boards working with a unified objective is becoming stronger than ever, he said, adding that it is time for more attention from Indian corporations on gender diversity and gender equality. be given. ,
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