Indian companies in mad rush to find women board members

April 7, 2015 2:24 AM

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More than a year ago, India's financial regulator gave listed companies an ultimatum: Add at least one woman to your board.

Hundreds of Indian companies have failed to comply. At other firms, management have appointed daughters, wives and other close family members to the board -- a move that complies with the letter of the new regulation, but not the spirit.

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