Women hold only 76 of 1,314 board seats across 116 unicorns
2 weeks, 6 days ago

Women hold only 76 of 1,314 board seats across 116 unicorns

New Indian Express  

India's unicorn ecosystem has to improve gender diversity as women held only 5.8% or 76 of the 1,314 board seats across 116 unicorns, data from private market intelligence platform PrivateCircle Research reveals. At the company level, 56 out of 116 unicorns had at least one -woman director on their board, while just 13 of them had more than one woman director, according to the report. Murali Loganathan, Director of Research at PrivateCircle Research said, “It has been long established that companies with more diverse boards tend to perform better financially. McKinsey's 2023 Diversity Matters Even More report also found that companies with more diverse boards tend to achieve stronger financial performance.

Board 116 Unicorns  hold  boards  1314  seats  76  privatecircle  board  woman  research  116  diversity  director  women  quartile  tend  unicorns

History of this topic

Corporates Talk Up Diversity, But Boards Stay Stubbornly Male: How Biz Can Bring In More Women
7 months, 3 weeks ago

Corporates Talk Up Diversity, But Boards Stay Stubbornly Male: How Biz Can Bring In More Women

ABP News  

By Manjari Das The underrepresentation of women on corporate boards remains a persistent issue, with progress proving as difficult as moving the needle on a stubborn gauge. Despite increased awareness and initiatives promoting diversity, women don’t wield substantial influence in decision-making processes. Businesses must establish effective mentorship and sponsorship programmes to help women advance to senior leadership positions, increasing the …

Inclusivity in corporate board rooms: comparing Europe and India
8 months ago

Inclusivity in corporate board rooms: comparing Europe and India

The Hindu  

Sinha, S.N., Rajpal, H. and Girisha, G., ‘Gender Diversity on the Board of Indian Companies: A Policy Gap’, Economic & Political Weekly, Vol 59, Issue No. Although there is evidence of a positive correlation between gender diversity on boards and enhanced corporate outcomes, the global gender gap persists, often due to entrenched “old boy networks” within companies. In India, the …

India Inc boardrooms have a mixed report card on diversity
1 year, 4 months ago

India Inc boardrooms have a mixed report card on diversity

Live Mint  

What does a typical Indian boardroom look like? Besides, the board composition remains heavily skewed towards non-executive directors, suggests data for the last five years. Additionally, in terms of gender diversity across firms of varied ownerships, multinationals lead ahead with the highest share of women directors. While the board size of Nifty 500 companies has relatively remained stable over the …

18% of India’s total unicorns are founded by women, with 20 potential unicorns in the pipeline: Study
2 years ago

18% of India’s total unicorns are founded by women, with 20 potential unicorns in the pipeline: Study

Live Mint  

With 28,000 active digital start-ups, India has a thriving ecosystem, but tragically, only 18% of them are female founders or co-founders. According to a collaborative research by TiE Delhi-NCR, Zinnov, Google, NetApp, and Indian Angel Network titled "Creating 10X Women Founders in India," one of the primary aspects that prevent women from establishing startups are the traditional stereotypes and prejudices …

Boost for female entrepreneurs; report says 18% Indian startups are women-led
2 years, 1 month ago

Boost for female entrepreneurs; report says 18% Indian startups are women-led

Hindustan Times  

According to a report published Wednesday by the National Association of Software and Services Companies in collaboration with Zinnov, 18 per cent of startups in India are led by at least one woman founder or co-founder. At least 36 unicorns and potential unicorns in India has at least one woman founder or a co-founder, as per the report. Indicating the …

More women in board positions in the financial sector
2 years, 2 months ago

More women in board positions in the financial sector

NL Times  

Companies in the financial sector increased the proportion of women on their boards further in 2022, though women are still under-represented in top functions like CEO and CFO. Last year, companies in the financial sector appointed an equal number of women and men to their boards, increasing the percentage of women in boardrooms from 37 percent in June 2022 to …

Why the Indian unicorn growth story is being led mostly by male founders
3 years ago

Why the Indian unicorn growth story is being led mostly by male founders

Live Mint  

Mumbai: India’s startups will continue to be headed by men over the next few years since women entrepreneurs still face many challenges, including lack of mentors, talent, and infrastructure, and limited access to capital and technology coupled with lower societal acceptance, as per a new report by Sheatwork, a hub for women entrepreneurs, and research, and tech consultancy firm Techarc. …

‘Boardroom diversity in India increasing at a snail’s pace’
3 years, 1 month ago

‘Boardroom diversity in India increasing at a snail’s pace’

The Hindu  

Women hold 17.1 percent of the seats in a boardroom in India, up from 9.4 percent in 2014. Though more women are donning leadership roles, their representation in company board is still low even after the Companies Act 2013 mandated having at least one woman member in a board, says the seventh edition of Deloitte Global’s Women in the Boardroom …

Number of women on UK corporate boards rises 50% in 5 years
4 years, 1 month ago

Number of women on UK corporate boards rises 50% in 5 years

The Independent  

Sign up for the Independent Women email for the latest news, opinion and features Get the Independent Women email for free Get the Independent Women email for free SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Women now hold more than a third of the seats on the …

Number of women on UK boards up 50%, but parity challenges remain
4 years, 1 month ago

Number of women on UK boards up 50%, but parity challenges remain

Al Jazeera  

The number of women on the boards of directors of the UK’s 350 top publicly traded firms has jumped by more than 50 percent since 2015, but women are still underrepresented in senior executive roles. Women now hold more than a third of the seats on the boards of the United Kingdom’s biggest companies, meeting a government target set five …

Investors penalise companies that add women to their boards
5 years, 4 months ago

Investors penalise companies that add women to their boards

Al Jazeera  

Many of the biggest companies have wholeheartedly embraced the theory that more diversity means more profits. Shareholders penalize these companies, despite the fact that increased gender diversity doesn’t have a material effect on a company’s return on assets, said Kaisa Snellman, an assistant professor of organizational behavior at INSEAD business school and a co-author of the study. Participants rated those …

'Unicorns' May Be Rare, But Here’s What’s Really Unusual In Tech
9 years, 8 months ago

'Unicorns' May Be Rare, But Here’s What’s Really Unusual In Tech

Huff Post  

Troy Dunham Sadly, this counts for progress in the male-dominated tech startup world: Of the 84 so-called “unicorn” U.S. companies -- startups valued at $1 billion or more -- two have women CEOs, according to a new analysis published in TechCrunch over the weekend. These startups are called “unicorns” because they’re so rare and so prized -- members include Uber, …

Boardroom diversity: views mixed
10 years ago

Boardroom diversity: views mixed

The Hindu  

The issue of appointing women on corporate boards has come under sharp focus with the Securities and Exchange Board of India hinting at a tough action against erring listed firms. According to Prof. Kavil Ramachandran, Executive Director, Thomas Schmidheiny Centre for Family Enterprise, Indian School of Business, lack of appreciation for the role of a board as also the level …

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