Women are represented on boards, but lag behind the global average
India has also seen a slight improvement in management diversity of 2 percentage points over the past two years, from 8% in 2019 to 10% in 2021. India occupies the third lowest place in the Asia-Pacific region (Apac) in terms of female representation at senior management level, slightly ahead of South Korea (8%) and Japan (7%). Likewise, its female representation in the positions of CEO (5%) and CFO (4%) is also low.
Stock market regulator Sebi requires the top 1,000 companies listed by market capitalization to have a woman on the board who is also an independent director. This mandate has helped to improve the number of women on boards of directors.
The report analyzes the gender distribution of 33,000 senior executives from more than 3,000 companies in 46 countries, including more than 1,440 companies in 12 Apac markets.
Europe and North America have the highest proportion of women in leadership positions, but the gap between these regions and the rest of the world is much smaller than at the board level. The management gap is only 1 percentage point. The number of female CEOs around the world has increased by 27%, although they still represent only 5.5% of the total.