Scramble for Women Directors as Indian Companies Miss Deadline
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India’s publicly traded companies scrambled to comply with an order requiring at least one woman director on their boards, with almost 17 percent of the available positions still to be filled when the deadline ended Tuesday.
About 28 companies in the S&P BSE 200 index lagged behind in following the directive, Pranav Haldea, managing director at PRIME Database, said by e-mail. Of the 1,478 slots to be filled in listed companies, 247 were vacant, he said. That’s a drop from 526 on Feb. 3, he said.