Globally, including in India, women’s share in corporate leadership has been steadily rising. The ‘woman director’ mandate under The Companies Act, 2013 in India marked a turning point, requiring listed firms to have at least one woman on their board. Within a year, the percentage of listed firms without women on board plummeted from 53% to less than 10%. Despite this progress, a Deloitte 2022 Report shows that as of 2021, the average share of women on boards in India stands at 17.1%, lower than the global average of 19.7%, and much lower than the best-performing country, France, with 43.2%.

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