Of the top 500 companies listed on the Mumbai Stock Exchange, over 300 did not have a single woman on their boards. The October 1, 2014 SEBI deadline has passed and been extended. Here are lessons from a tea worker committee in South India, which has been successfully bridging the gap for over 25 years.
The Bombay Burmah Trading Corporation Limited is a Fairtrade-certified tea estate and thus ensures that a premium – an extra price over the market one – benefits the workers, who on average draw a daily wage of Rs 300.
The committee has been striving to work towards gender equality long before India became one of the first developing nations to pass a law to make women representation on corporate boards mandatory. Corporate honchos can well take a few lessons from this joint body, given that reports reveal that India has one of the worst ratios of women directors to their male counterparts on company boards. - See more at: http://www.thebetterindia.com/16089/indian-ceos-can-learn-south-indian-worker-board-women-boardroom/#sthash.vKwlOAIz.dpuf