Boardrooms

Binny Bansal has officially exited the board the Walmart-owned e-commerce firm, which he founded along with Sachin Bansal 16 years ago

Pharmaceuticals and crop protection firm Hikal on Sunday said it has appointed Berjis Minoo Desai and Ramachandra Kaundinya Vinnakota as additional directors to its Board. The appointments as independent directors extend for five-year terms, effective October 1, 2023, pending approval by the company's shareholders, Hikal Ltd said in a statement. "Their extraordinary expertise, diverse insights, and proven leadership will undoubtedly enrich our governance and bringing heft to our strategic decisions, fostering our continued growth," Hikal Founder and Executive Chairman Jai Hiremath stated.

This means women will not take an average of 50% of board seats across the 2,811 companies which make up MSCI's All Country World Index (ACWI) until 2038, based on the current trajectory

Media encomiums and the feeling of self-importance are shimmering mirages in the desert of self-delusion

Hedge fund 3D Investment Partners, which owns more than 7% of Toshiba, laid out its objections in a three-page letter to the company's board

Of the 25 largest firms on the MSCI ACWI index without any female directors last year, 14 were Chinese

Egon Zehnder's 2020 Global Board Diversity Tracker noted that between 2012 and 2020, India has seen an 8.6 per cent increase in the percentage of women on boards

Book review of On Board: The Insider's Guide to Surviving Life in the Boardroom

Not just decisions but their implementation should also be wise

Through the use of AI, the board could have access to independently assessed and analysed data.

The separation of the roles of the chairman and MD/CEO was bound to be contentious from the time it was mooted. Surprisingly, it took two years for industry to formally raise this issue

Though women still are underrepresented, their gains have been more substantial than those of African-Americans and Latinos.

Under the new Companies Act, firms are required to disclose the ratio of directors' pay to the median employee salary