Mumbai: Even the percentage of women in the leadership position in the corporate world in the country has grown, fewer women serve as chairman of the Board, suggest reports.
Reports’ Women in the seventh global Deloitte Document Board revealed that women have 17.1 percent of the Council seat in India, which has increased by 9.4 percent from the 2014 edition when the company acts, 2013 mandate has one female member on each board.
However, only 3.6 percent of the council seats were women, fell 0.9 percent since 2018, the report was added.
According to the report, the percentile growth in the number of council members was 17.1 percent and the percentage of women’s chairperson fell to 3.6 percent in the past four years, especially means that even though representatives of women in the meeting room have increased, the number of women’s seat position occupied by women has been down.
The report found that globally, 19.7 percent of the council seats were held by women, an increase of 2.8 percent since 2018, compared to 1.9 percent over 2016-2018.
At this speed, the world can hope to achieve close parity only in 2045, the Deloitte report notes.
Austria, Canada, Ireland, Italy, Poland, Portugal, Spain, England, and the US saw the most famous improvement in women in the board chair.
The seventh edition of the global Deloitte woman in a doubtly board report includes updates from 72 countries, including India, in the representation of women in the meeting room, outlining political, social and legislative trends behind these numbers.
The next report revealed that even though India saw a decline in the board seat held by women in 2021, he witnessed an increase in the number of women who took the role of CEO – 4.7 percent of women’s CEO of 3.4 percent reported in 2018.
Globally, the company with Women’s CEOs have more women on their boards than those run by men – 33.5 percent compared to 19.4 percent, respectively.
The statistics are similar to companies with female seats (30.8 percent of women on board vs each vs 19.4 percent), according to the report.
The opposite is true too – the gender-diverse boards are more likely to appoint women’s CEOs and board chairs, he said.
In India, the average term of office of women’s directors increased from 5 years in 2018 to 5.1 years by 2021, the report said.
Globally, the number decreased from 5.5 years in 2018 to 5.1 years by 2021, especially in the market, such as the US (from 6.3 years in 2018 to 5.3 years by 2021), England (4 , 6 years to 2021), and Canada (5.7 years to 5.2 years), he said.
While Indian regulators have formed a holistic framework for encouraging women’s representatives in key positions in the company, the amount suggests a significant gap between the ideal steps and land reality, said the deloitte chairman of India Atul Dhawan.
With sustainable disorders and current changes, cases for a variety of boards working with united goals to be stronger than before, he added that it was time for gender diversity and gender parity to get more focused attention from Indian companies.