Nirmala Sitharaman calls for more women directors at the 2nd Women Director’s Conclave

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Union Minister for Finance and Corporate Affairs Nirmala Sitharaman called for increasing the representation of women in the company’s board of directors in India.

She was speaking at the 2nd ‘Women Director’s Conclave’ being held at Bombay Stock Exchange in Mumbai on 16 September.

IMPORTANT FACTS -

• The theme of the Conclave was: Celebrating Women Board Leaders'.
• Nirmala Sitharaman said that only three-fourths of the listed firms on the National Stock Exchange have appointed at least one woman as an independent director.
• The Security and Exchange Board of India (SEBI), in accordance with the Companies Act 2013, has mandated the appointment of one independent woman director in the board of listed companies.