Publicly traded companies appoint women director on boards ahead of deadline

Publicly traded companies appoint women director on boards ahead of deadline

Some of India’s publicly traded companies have appointed wives of promoters, or their close relatives, on their boards to comply with the mandate to have at least one woman on a board by April 1, according to the Economic Times.

  At least 100 companies have met this requirement. Raymond, the largest producer of suiting fabric, for instance, has appointed Nawaz Singhania as a non-executive director. Singhania is the wife of Raymond’s chairman and managing director Gautam Singhania. India’s top private company by net profit, Reliance Industries, has appointed Nita Ambani, wife of chairman Mukesh Ambani, on its board.

  Click here to read the full story. (Source: the Economic Times, April 1, 2015.)