According to a 2022 EY report, nearly 95% of Nifty 500 companies now have a woman director -- but less than 5% of companies have female chairpersons.
On August 29 this year, Indian business passed a significant milestone – a milestone which went largely under the radar. On that day ten years ago, then President Pranab Mukherjee, who had previously also served as India’s finance minister, gave his assent to the new Companies Act, formally signing it into law. A fortnight later, a Gazette notification formally put it into force. It was a watershed moment for enterprise in India. The old Companies Act 1956 was a monumental...
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