A total of 307 companies have complied with the mandate of nominating women to the board of directors, aimed at ensuring gender diversity in boardrooms. All listed firms were required to have at least one woman director on board from April 1, 2015, as per a Sebi directive, as also under the Companies Act, 2013. “There are 307 companies who have complied with the mandate of law of nominating women to the board of directors,” Corporate Affairs Minister Arun Jaitley said in a written reply to the Lok Sabha. He further noted that prosecution has been launched against 169 companies for failing to comply with the mandate. Besides, 16 companies have filed compounding applications against prosecutions for offence relating to non-appointment of women directors.
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