Synopses & Reviews
Glass Ceiling in Chinese and Indian Boardrooms
is about the presence, role and status of women on the boards of listed firms in India and China. There is increasing awareness of the need to ensure at least a minimum level of gender equity in corporate positions of power and the costs of failing to do so.
In America, the Catalyst Census of Women Board Directors of Fortune 500 companies, created in 1993, encouraged the leadership of those companies to increase the number of women serving on their boards. In the UK, the FTSE 100 Cross-Company Mentoring Program facilitates mentoring relationships between senior women from different FTSE 100 firms. In Norway, 2006 saw the coming into effect of a legal requirement for at least 40% of list company board positions to be filled by women. The introduction of this new requirement has proven effective. In 2003, the boards of publicly listed firms had 7% of their positions filled by women. By July 2008, the proportion of women directors had risen to 39%. A draft Companies Amendment Bill 2003 in India would have allowed the Minister to prescribe a gender quota for company boards, but the provision was dropped from the Companies Bill 2008 which eventually replaced the 2003 draft. This leaves the worlds two most populous nations without any formal institution or regulation aimed at supporting women in the boardroom. Nor is there any existing literature focusing specifically on the presence, role and status of women directors in these two countries. This book aims to fill that gap, with a particular emphasis on the possibilities and likelihood for future reform in this area.
About the Author
Dr Alice de Jonge is a Senior Lecturer in law at the Department of Business Law and Taxation at Monash University, Melbourne, Australia. She lectures in the post-graduate subjects Asian Business Law, International Law and Policy and International Trade Law. In 1998 she was awarded the LAWASIA Research Award. She has worked on various consultancies with international aid organizations and is the author of the book Corporate Governance and Chinas H-Share Market (2008) as well as numerous other book chapters and journal articles.
Table of Contents
Literature Review: the position of women as viewed by those who analyse corporate governance and corporate affairs in Asia; Methodology: calculating the presence of women in the Indian/Chinese boardroom; Talking to women directors about their role; Results One: how many women in how many boardrooms? Results Two: what women say about the boardroom in India and China; Conclusion: prospects for the future of gender equality in the Indian/Chinese boardroom.