Women form less than 25% of most Indian companies' board, says study

The average transparency rating for Indian companies is 34 per cent, higher than the average transparency rating of 25 per cent across the companies universe

Around 90 per cent of Indian companies’ boards and executives are less than 25 per cent female. The findings are part of a study by Refinitiv that tries to gauge the level of transparency in public disclosure of environmental, social and governance (ESG) strategies, and performance data across 110 Indian companies vis-a-vis markets, such as South Africa, Brazil, China, and Hong Kong.

Only around 5 per cent of Indian companies have a policy on ESG-related executive compensation, which is much lower than the overall universe of