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Challenges hindering gender diversity in Indian corporate landscape
The Business Guardian
|December 25, 2023
A lot boils down to how companies approach board member selection-which is typically through references in India. "All my overseas boards have been the result of a professional search process that the respective companies have undertaken to refresh their boards.
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In India, there is still a lot of who the Chairman knows and wants on the board," says Vinita Bali, former MD & CEO of Britannia Industries, who has worked extensively with listed companies in India and overseas in executive and independent director positions. "Companies advertise for all other important positions. Have you ever seen any advertisement for board positions seeking talent from the open market?" asks Manoj K. Raut, CEO & Secretary General of the Institute of Directors, India. The organisation trains, certifies, and mentors directors, and helps them get empanelled on different boards.
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