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Global CEO Magazine:
Women on corporate boards: The unrealized assets
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Women of this generation are go-getters and great achievers which is evident from the fact that today women are competing with men in several areas whether it is business, sports, or corporate jobs. They are no more willing to sacrifice their personal aspirations and ambitions. The corporate environment in particular has changed a lot with increasing number of working women. But when it comes to corporate boardrooms, the male domination still persists as there are very few women at the top. This article discusses why women are consistently missing out from the top corporate jobs in India.

 
 
 

Today, in the United States, more than 45% of working population is women and 8% of those are managers of different companies. More than 74% companies in the US have at least one woman on their boards. While this doesn't seem to be a good number, it is far better when compared to the same in other countries. In India, the number of women employees has been increasing. When it comes to managing a company and taking it to the top, there are very few Indian women who have been quite successful. The first example that comes to mind is Kiran Mazumdar Shaw, Managing Director of Biocon, a biotechnology company. Then there are other women who have led their companies from the front. They are: Naina Lal Kidwai (Managing Director - HSBC), Chanda Kochchar of ICICI, Sulajja Firodia Motwani of Kinetic Engineering Ltd., Ranjana Kumar of NABARD etc. Even great news is that four women managers from India have featured in the Fortune's list of world's most powerful women for leading their companies from the front. They are Kiran Mazumdar Shaw, Chanda Kochchar, Vidya Chhabria (Chairperson-Jumbo group) and Indra Nooyi (CFO-Pepsi Co).

But, the number of women in the corporate boardrooms and top positions of companies is still very less. One may doubt the reason why we are talking about women missing from corporate jobs at this point of time. Women of this generation are great achievers, and they have been competing head-on with their male counterparts in different fields. Whether it is education, sports, or business, women are equally comparable with men in terms of knowledge, skill and ability. But, this does not cover the fact that these women do not continue their career like men owing to many reasons. Though women of this generation are well-educated, intelligent, hard-working and passionate about their careers, it is observed that the proverbial `glass ceiling' still exists and gender bias is a persistent issue in companies.

 
 

Global CEO Magazine, Women on Corporate Boards, Corporate Environment, Research Studies, Hewlett-Packard, HP, Organizational Hierarchy, Corporate Officers, Interactive Management, Corporate Boards, Kinetic Engineering.