Header Ads

Compliance of SEBI Directive on Women Director



Compliance of SEBI Directive on Women Director


The requirement of appointment of woman director emanates from Section 149 of Companies Act, 2013.  SEBI has mandated that listed companies to appoint one woman director on its board.  Companies can appoint any woman as director who is not otherwise disqualified for appointment as a director in terms of requirements of the Companies Act, 2013 and such a director can be either executive or non-executive or independent or non-independent director.


As per inputs of SEBI, details of woman directors on the boards of listed companies as on March 31, 2016 is as under:

Particulars
BSE
NSE
Total number of listed companies
5451
1759
Number of companies that have appointed woman director
4128
1568
Number of companies that have not appointed woman director
1323
191
Number of non-compliant active companies
187
42
Number of non-compliant suspended companies
1136
149

SEBI has not mandated any requirement for listed companies to report whether a director is a family member of promoter or top executive.  Therefore, data related to woman director being family member of promoters or top executives is not available with stock exchanges.

This was stated by Shri Arun Jaitley, Minister of Corporate Affairs in written reply to a question in the Rajya Sabha today.

******


No comments

Powered by Blogger.