Demand for women board leaders grown by 150%
Demand for women board leaders grown by 150%

In 2013, Indian corporate boardrooms with women board leaders was around 7 per cent. In 2021, Indian corporate boardrooms with women Board Leaders is more than 17 per cent.

That’s close to 150 per cent growth and this is just a start. With the changing times in Indian Boardrooms and introduction of new mandates by Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, appointment of at least one-woman independent director is the need of the hour.

According to the Global Gender Diversity Report 2020 by the Egon Zehnder, women currently hold 17 per cent of Board positions in corporate India, an increase of 8.6 per cent since 2012.

It would be appropriate to state that the mindset of Boards is certainly changing yet the pace of change is extremely gradual. It is now when companies should start to constructively strategize appointment of women directors in Indian Boardrooms with an aim to change Board dynamics for the greater good.

In order to meet this need of an hour to enhance the skilled women leaders and to make them board ready, mentoring comes into picture.

MentorMyBoard, an emerging board training company has its vision to make 1,00,000 directors board ready by 2027 and 20,000 women board leaders ready for board positions and to help Indian boards to be more governed with best practices. Their online platform gives opportunities for board Leaders to network, sharpen their boardroom skills and get opportunities of being on boards of eminent companies. With this mission, MentorMyBoard has organised an online mega-event 'Women Directors Conclave 2021' on May 22, 2021 from 9 am to 4 pm through virtual conference mode.

The WDC Conclave aims to identify huge opportunities lying ahead for women board leaders; making women leaders ready for challenges popping up in this VUCA and agile world; brainstorm the way ahead for women Directors as leaders of future; brainstorming on gaps in upskilling and cultural shift on diversity and inclusion; and experience sharing by eminent board leaders. Exclusive mentoring hub during the Conclave will facilitate participants to identify their individual career goals, path and way ahead and curate their board Careers.

Motilal Oswal Financial Services is the title sponsor which is helping women leaders to be aware of various wealth creation opportunities. BSE Investor Protection fund (BSE IPF) is supporting the initiative as an event sponsor for better governance and more diversity on boards in India. ICICI Bank is a co-sponsor. And last but not least is the Free Press Journal which is supporting the initiative as media partner to spread awareness amongst more and more women leaders and aspiring Directors, CXOs, business leaders and women corporate entrepreneurs.

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Free Press Journal