32 public sector firms among 180 yet to appoint women directors

32 public sector firms among 180 yet to appoint women directors

• SEBI headquarters in Mumbai File Photodna Research & Archives

As many as 32 public sector firms including GAIL, ONGC, NTPC, SAIL and Punjab National Bank have failed to comply with regulator Sebi’s norms to appoint at least one woman director on their respective boards.

Bharat Electronics, Bharat Petroleum Corporation, Container Corporation of India, Power Finance Corporation, Rural Electrification Corporation, are among other PSUs that have been non-compliant with Sebi directive, Prime Database said today.

Going by information gathered by Prime Database, a total of 180 NSE-listed companies have not appointed a woman director on their respective boards within the due date.

These include as many as 32 PSUs (Public Sector Units) and PSBs (Public Sector Banks).

“As many as 180 out of a total relevant 1,456 NSE- listed companies or nearly 12 per cent of the companies, had still not appointed a woman director,” Prime Database Managing Director Pranav Haldea said.

All listed firms were required to have at least one woman director on their boards from April 1, this year, as per a new Sebi directive, as also under the Companies Act, 2013.

As on April 1, this year, about 832 women have been appointed to 912 directorship positions in 872 companies.

Of these 872 companies, 43 companies already had a woman on the board before the Sebi guideline was announced but appointed a second woman director on their board.

Of the remaining 829 firms which complied with the Sebi norms, as many as 278 did so in the month of March this year.

via NorthEast Calling http://ift.tt/1Ggooob