Empirical Analysis of Effectiveness of Quota for Woman on Board in Indian Companies

There has been increasing recognition of the importance of women on corporate boards, however, this thesis has been limited to theoretical analysis in India. In this light, the Companies Act, 2013 appointed a quota system for the appointment of women board members. A prescribes category of companies are required to have at least one-woman director as a member of the board. We aim to evaluate the effectiveness of the quota system for increasing gender diversity in Indian companies. We find that a majority of companies have adopted a tick-box approach while appointing women directors, and do not go beyond the statutory requirement