SEBI asks listed firms to appoint women directors by the end of month | Fusion - WeRIndia

Stepping up its pressure, regulator SEBI has asked all listed corporations to compulsorily appoint at least one woman director on their boards by the end of this month, failing that they might face regulative action.

The regulator, that has found that just about one-third of the top-500 listed corporations don’t have any woman member on their several boards, has additionally asked the stock exchanges to make sure strict adherence to the timeline.

With simply a fortnight left to satisfy the point, SEBI has additionally proactively written to over one hundred sixty such corporations to make sure compliance.

Sources said that a number of the businesses have already replied to SEBI, stating that they were taking necessary steps to fulfill the timeline.

Besides, SEBI has additionally written to the corporate Affairs Ministry, requesting it to tell the registered corporations of ensuring compliance to the need for all listed corporations to possess a minimum of one woman director before April one.

Having already given a six-month extension from the earlier point, SEBI is extremely serious on the compliance to those norms and also the corporations would have to face the music by the stock exchanges and also the regulator if they fail to satisfy the point.

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