At 5.3%, women are grossly under-represented on the boards of Indian companies, according to a report ‘Women on Boards’ by US based research firm Catalyst.
This under-representation at the top is as much a result of lack of opportunities as reluctance on the part of women to forge ahead.
India ranks 31 among the 44 countries surveyed by Catalyst.
Mr. Zia Mody, Founder & Senior Partner, AZB Partners, said, “No board should have less than 2 women. If there is one woman, she will be quiet. But if you have two women, you are rocking.”
Highlights of Catalyst Report..!
* 30 countries had less than 10% women on their companies’ boards.
* The region with the least representation of women was West Asia and Africa, barring South Africa (15.8%) and Israel (158%).
* Countries with under one per cent representation were Saudi Arabia (0.18%), Qatar (0.3%), UAE (0.8%), Japan (0.9 %) and Bahrain (1%).
* Norway, which tops the survey at 40.1 per cent, was the first country to introduce a quota for women on company boards in 2003.Prior to this, women constituted only 6 per cent of company boards in Norway.
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