Women Directors: A Study on Impact on Financial Performance of Companies
DOI:
https://doi.org/10.33516/rb.v42i3.104-112pKeywords:
Empowerment of Women, Women Directors, Financial Performance.Abstract
The 'Empowerment of Women' today is a 'buzz' word in corporate sector aiming to emphasize the role of women on crucial decision-making table of the company. With t he Companies Act and SEBI mandating to appoint at least one woman director on boards, it is becoming increasing important to understand its qualitative and quantitative impact on company's performance. The date made public revealed that majority of companies having only one woman director are actually following the law only in beer and not in true spirit. It is believed and proved that women directors with diverse backgrounds and experiences tend to look at problems and solutions from wider perspectives, thereby; diversity in boards has been widely considered as an important contributor to improved decision-making. To validate the same, the author has undertaken a research to study the impact of presence of female directors on company's performance through statistical analytical tool.Downloads
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