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Bloomberg news – India Inc. attempts to redress board gender balance
India has recently taken a big step towards redressing the gender balance on boards, reports Bloomberg. Its new Companies Act, passed in August, requires every listed company to have at least one female director within a year. “Hiring women has become more important,” notes Namrita Jhangiani, a consultant at Egon Zehnder, Mumbai. “Companies saw the legislation coming and began aligning themselves in anticipation,” she adds. Senior female professionals in India have also taken the initiative by forming networking forums to support and recommend each other.
Full story: Bhuma Shrivastava: Women Sought on Boards as Stiletto Groups Grow: Corporate India in “Bloomberg news” (22 October 2013).