According to the Credit Suisse Research Institute the number of women on corporate boards in India has doubled over the past six years, from 5.5% in 2010 to 11.2% in 2015. Unfortunately, management diversity has seen a slight decrease falling from 7.8% in 2014 to 7.2%. Despite the mixed results, country sentiment is extremely promising.
When it comes to female representation in the boardroom, European countries like Norway and the United Kingdom lead the pack. When highlighting management diversity, Asia takes the top 3 spots of female representation in senior management, (Thailand, the Philippines and Singapore).
Stefano Natella, head of Global Markets Research explains that “ there is a strong correlation between companies with high levels of diversity in management and their performance.” Countless reports have agreed with Natella’s findings and could be a key strategy to India’s improvement of boardroom diversity. In addition, according to the report, promoting women to senior positions creates a pipeline for female employees. "Female CEOs are 50 per cent more likely than male CEOs to have a female chief financial officer and 55 per cent more likely to have women running business units,“
In studying these reports, and with a continued push for female representation in senior management, India can develop a pipeline for female employee opportunities and better corporate performance.