Diversity in board stems from need for versatile talents, newer ideas vital for innovation, globalisation, changing demographics and customer expectation (NASSCOM, 2011). Gender diverse board is measured by presence of independent woman director on the board. As per section 149(1) of the Indian Companies Act 2013 and Rule 3 of the Companies (Appointment and Qualification of Directors) Rules 2014, at least one woman director is mandatory for all listed companies, and violation of mandate by the companies will be fined Rs. 10,000. The current study attempts to examine the implementation of Companies Act 2013 mandate and inquire into the status of women representation on Indian boards. In doing so, the present study undertook analysis of board composition of BSE listed top 31 Hospitals & Health Care Companies of the current year 2023. It is found, as a whole, women representation in the Board of Directors (with different board sizes) of sample companies is nearly 23%. The board composition of the selected sample companiesclearly indicate mere compliance of the regulationresulting in appointment of women in the boards. The study makes some useful recommendations for the corporate managers and policymakers.
Article DOI: 10.62823/IJGRIT/03.03(II).8073