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  • 2021
    • April (3)
      • Will you drive your vehicle without a dashboard?
      • Are you making SIPs to improve your Emotional Intelligence
      • Corporate Governance needs a Moral Compass – Ethics in Indian Boardrooms!
    • August (9)
      • Grow with Governance: ESG is the umbrella for CSR, says Vedanta's Roma Balwani
      • Grow with Governance: PadUp Ventures' Rajat Jain Demystifies Correlation of Governance and Economic Growth
      • Grow with Governance: Family governance impacts the culture of a family-run business, says Equations Advisors' Mita Dixit
      • Entrepreneurial Board
      • NEW REGULATORY PROVISIONS RELATED TO INDEPENDENT DIRECTORS
      • ESG & ITS IMPORTANCE FROM THE POINT OF VIEW OF BOARD MEETING
      • Start early, don't wait till retirement to become an Independent Director, says Increate Value Advisors' Milind Sarwate
      • The winding road of leadership coaching in the post-pandemic era
      • Challenges of Organizational Culture Change
    • February (4)
      • Re-examination of Purpose by the Boards in Post -Pandemic Era
      • What Makes Great Boards Great! Performance Evaluation by Boards and Role of Independent Directors
      • Promoter Director – Time to become Custodian of Governance!
      • Diversity and Inclusion – The Board Perspective!
    • January (2)
      • New Directors - Have you done your due diligence
      • Cyber Security Insurance and Boards
    • July (7)
      • Why Advisory Boards Are Important for Indian Business Corporates?
      • Grow with Governance: ESG essential to repair the damage economic activities caused to the earth, says CA Shailesh Haribhakti
      • Top 10 areas to contribute in Boards as Independent Directors
      • Top 10 Questions to Ask in Boardrooms!
      • Essential HOWs of Boardroom!
      • Kindness is key
      • How to Brand Yourself as a Leader of the Company?
    • June (6)
      • Leading from the Boardroom
      • Are you hesitant to speak in the Boardroom!
      • The Neem Project a Leadership case study
      • Directors Liability in India
      • Why do promoters need Independent Directors?
      • Corporate Governance Deviation – Infosys Case Study
    • March (4)
      • Board Refreshment: Finding the Right Balance for your Board!
      • HR Governance and Board – How Important Is It?
      • Agility and Compassion: Two Pillars for Boards in the Post Pandemic Era!
      • Modernizing Governance: The Board’s Role in ESG!
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      • How do you make your personal Brand?
      • Leadership Coaching: How does it help Leaders
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      • Are Independent Director’s required on the Board?
      • 'Ethics & Governance' lesson should start from school, says Federal Bank's Independent Director, Sankarshan Basu
    • September (3)
      • Grow with Governance: As an Independent Director ensure your voice is heard, says Apurva Purohit
      • Grow with Governance: Push for ESG agenda; pool CSR funds to maximise impact, says Ranganath NK, former MD of Grundfos Pumps
      • Grow with Governance: Boards should prepare companies for different risks, says National Insurance Academy's G Srinivasan
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      • WOMEN DIRECTOR-An Emerge
      • ARE YOUR BOARD MEMBERS SAVVY WITH FINANCIAL TERMS AND EXCEL IN FINANCIAL LITERACY QUOTIENT AS PER COMPANIES ACT 2013 MANDATES.
      • BOARD MEMBER SELECTION- A TASK OF PERFECTION
      • SME IPO – AN OPPORTUNITY TO CAPITALIZE YOUR BUSINESS
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      • Good or bad, Salary Increments always cause a heartburn among employees
      • Is Economic Progress Enough?
      • Emotional Intelligence
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      • Generating Wealth Beyond Money
      • "Agile Mindset for Leadership"
      • Tips for Aspiring Independent Directors
    • September (3)
      • Independent Director
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    • August (1)
      • Liability of Independent Directors – An Important Aspect of Corporate Governance
    • February (4)
      • A Hero's Farewell: How to handle employee exits with dignity
      • Green Bonds: An Instrument for Financing a Sustainable Future
      • Tool for effectiveness of Board Committees - Ask Right Questions
      • Russia-Ukraine war and India’s Business Implication
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      • Stagnation or Evolution – Mindset Shifts of Boards when Company sees Stagnated Growth
      • Risk Assessment and Minimization Procedures – Role of Board
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      • A study on Sustainability Report of Container Shipping Companies.
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      • Independent Directors liability under GST
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Diversity and Inclusion – The Board Perspective!

Diversity and Inclusion – The Board Perspective!

By CS Divya Momaya
Calendar

Feb 24 th 2021

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“Diversity is about headcount. Inclusion is about making those heads count.”                                                                                                                                                    - By Britta WilsonDiversity & Inclusion (D&I) are integral parts of organizational culture and are considered to be one of the best ways’ companies could bring purpose and values to lives. Organizations with diverse voices are able to innovate holistic solutions to business and social challenges, encourage creative thinking, build positive mindset and succeed engagement with all its stakeholders. It is observed by the way of research that Diversity & Inclusion is one of the fundamental differentiators for driving business in an innovative and strategic manner. This approach usually supports organizational growth and encourages the ecosystem to develop innovative thinking towards the regular culture.As business environment grows more complex, interconnected and diverse, it is important for an organization to think about D&I as a concept in a more holistic manner. The efforts are required to be put in to introduce D&I not only basis gender but also covering aspects related to organizational culture, religious & political beliefs, sexual orientation, age, socio-economic backgrounds, outlook towards specially abled people and more. For organizations, in order to create a real value for its stakeholders, it is imperative that equal opportunities are given to each and every person in the organization irrespective of backgrounds, abilities, beliefs etc. More specifically, if we talk about having an optimal mix of skills, expertise and experience at the Board level, it could be ensured that Board as a whole is well equipped to drive the business of the Company in a strategic manner. Of course, the traditional boardroom of fairly homogeneous group of individuals were equipped to strategize and take effective decisions, yet an exposure to a wider range of perspectives to facilitate robust discussions in the boardroom is still not finding its way. Even as of now companies are busy moving the traditional way. It is time when Boards broaden their definition of ‘board-ready talent’ and start making a diverse pool of individuals not only by having people from C-suits but also from backgrounds like Academics, Entrepreneurs, Government Servants, Professionals representing different fields and more. This practice would help businesses bring an interesting and more diversified plus insightful insights on topics discussed in boardrooms.In the current scenario when entire India and the world are believing capabilities built by start-ups, enthusiasm of millennials introducing new and innovative business practices, there is an overall shift that could be witnessed in the business processes and the way people have now started operating. Especially in the post pandemic era when the entire top and senior management have gained an entrepreneurial mindset of tackling business and making it sustainable, how long would it take for a mindset transformation in order to introduce as well as practices concepts like D&I. Many argue that Independent non-executive directors bring a balanced perspective in the Boardroom yet, it is now time for companies to assess not only the designation of an independent director mandated by law but also determine if the director is really independent in his thinking and character as well. This process is extremely important to give diversification a better shape rather than just completing formalities for the sake of it. In order to assess these factors, boards may include taking into account relationship of individuals with their close family ties, with relevant stakeholders of the Company, their ethical background, their approach towards sensitive topics like gender equality, sexual harassment, anti-bribery anti-corruption, whistle blowing and more. These determining factors would help companies to select right people for the right board positions and make a right mix of talent at the top level setting an example for the entire workforce by constructively introducing how diversity and inclusion can make a positive difference in the entire working operations and decision-making abilities of a Company.

About us

MentorMyBoard is about Creating, Enabling and Empowering Directors to make sustainable and dynamic boards considering the diverse portfolio and demands of an organization. At MMB, we are offering a platform that prepares Directors towards ethical leadership, robust governance practices, borderless compliance, and insights that in turn make competitive boards potentially prevalent.

Need for Board Mentoring

Director's roles and responsibilities are also consistently demanding and changing drastically in the National and International landscape. The demand for a dynamic, visionary Directors and futuristic Boards is emerging substantially due to increased responsibilities imposed under Companies Act 2013.In such a scenario Director should engage in -Self-Assessment of Boardroom mechanicsEvaluating hard-wired practices and reformingUnderstanding changing Board dynamics and staying updated.Abiding by prescribed industry norms and critical responsibilities.Building futuristic boards and Success PlanningSetting agile Board culturesBuilding Board diversity.

How Are We Unique?

We have been guiding diverse boards over a decade now.We have a ready pool of trained Directors, Independent Directors, Women Directors to empower corporate boards.We emphasize practicality in facing challenges, handling risks, and planning strategies.We infuse fresh thinking and unexplored perspectives through our mentoring.We deliver visionary Directors and ethical Boards.We engage in a holistic development experience to Directors, ensuring a one-point solution to all their professional needs.We are offering a unique and one of its kind platforms in India for Director Networking.We handhold Directors in their Boardroom journeys.We have a pool of 1000 plus versatile Directors.We bring a dedicated panel of 150 plus expert Mentors.Our Mentoring programs enhance board participation that improves and quickens strategic and policy decision making, resulting in the ultimate growth of the Organization.

Click Here to Read: Promoter Director – Time to become Custodian of Governance!

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Category

  • All
  • Boardrooms
  • BOARDROOMS
  • Independent Directors
  • Role of Board
  • Mindset Shifts of Boards
  • Independent Directors and Promoters
  • Sustainability / ESG
  • business implication
  • employee exits
  • COMMITTEE MEETINGS
  • Union Budget
  • Independent Director
  • Grow with Governance
  • Grow with Governance
  • INDEPENDENT DIRECTOR
  • Entrepreneurial Board
  • ESG & ITS IMPORTANCE
  • leadership coaching
  • Change Management
  • Advisory Boards
  • Boards
  • Boardroom
  • Brand Yourself as a Leader of the Company
  • Kindness
  • Are you hesitant to speak in the Boardroom!
  • Governance & ESG
  • Directors
  • Independent Directors
  • Corporate Governance
  • Leader development
  • Gratitude, Purpose
  • decision making
  • Systematic Investment Plans in Emotional Intelligence
  • Corporate Governance
  • The Board’s Role in ESG!
  • Balance Boards
  • Agility and Compassion
  • Governance and Board
  • Diversity and Inclusion
  • Directors,Promoter Directors
  • Board Members, Directors and Independent Directors
  • Board and Senior Management
  • New Directors
  • Cyber Insurance
  • Salary Increment
  • Economy Growth
  • Human Resources
  • Generating Wealth Beyond Money
  • Agile Mindset for Leadership
  • Aspiring Independent Directors
  • Board Leadership
  • Corporate Governance & Women on Boards
  • BOARD MEMBER
  • SME
  • WOMEN DIRECTOR
  • BOARD MEMBERS

Archive

  • 2021
    • April (3)
      • Will you drive your vehicle without a dashboard?
      • Are you making SIPs to improve your Emotional Intelligence
      • Corporate Governance needs a Moral Compass – Ethics in Indian Boardrooms!
    • August (9)
      • Grow with Governance: ESG is the umbrella for CSR, says Vedanta's Roma Balwani
      • Grow with Governance: PadUp Ventures' Rajat Jain Demystifies Correlation of Governance and Economic Growth
      • Grow with Governance: Family governance impacts the culture of a family-run business, says Equations Advisors' Mita Dixit
      • Entrepreneurial Board
      • NEW REGULATORY PROVISIONS RELATED TO INDEPENDENT DIRECTORS
      • ESG & ITS IMPORTANCE FROM THE POINT OF VIEW OF BOARD MEETING
      • Start early, don't wait till retirement to become an Independent Director, says Increate Value Advisors' Milind Sarwate
      • The winding road of leadership coaching in the post-pandemic era
      • Challenges of Organizational Culture Change
    • February (4)
      • Re-examination of Purpose by the Boards in Post -Pandemic Era
      • What Makes Great Boards Great! Performance Evaluation by Boards and Role of Independent Directors
      • Promoter Director – Time to become Custodian of Governance!
      • Diversity and Inclusion – The Board Perspective!
    • January (2)
      • New Directors - Have you done your due diligence
      • Cyber Security Insurance and Boards
    • July (7)
      • Why Advisory Boards Are Important for Indian Business Corporates?
      • Grow with Governance: ESG essential to repair the damage economic activities caused to the earth, says CA Shailesh Haribhakti
      • Top 10 areas to contribute in Boards as Independent Directors
      • Top 10 Questions to Ask in Boardrooms!
      • Essential HOWs of Boardroom!
      • Kindness is key
      • How to Brand Yourself as a Leader of the Company?
    • June (6)
      • Leading from the Boardroom
      • Are you hesitant to speak in the Boardroom!
      • The Neem Project a Leadership case study
      • Directors Liability in India
      • Why do promoters need Independent Directors?
      • Corporate Governance Deviation – Infosys Case Study
    • March (4)
      • Board Refreshment: Finding the Right Balance for your Board!
      • HR Governance and Board – How Important Is It?
      • Agility and Compassion: Two Pillars for Boards in the Post Pandemic Era!
      • Modernizing Governance: The Board’s Role in ESG!
    • May (3)
      • Restructuring appraisals in 2021 – Gratitude, Purpose & Meritocracy
      • How do you make your personal Brand?
      • Leadership Coaching: How does it help Leaders
    • October (2)
      • Are Independent Director’s required on the Board?
      • 'Ethics & Governance' lesson should start from school, says Federal Bank's Independent Director, Sankarshan Basu
    • September (3)
      • Grow with Governance: As an Independent Director ensure your voice is heard, says Apurva Purohit
      • Grow with Governance: Push for ESG agenda; pool CSR funds to maximise impact, says Ranganath NK, former MD of Grundfos Pumps
      • Grow with Governance: Boards should prepare companies for different risks, says National Insurance Academy's G Srinivasan
  • 2020
    • August (4)
      • WOMEN DIRECTOR-An Emerge
      • ARE YOUR BOARD MEMBERS SAVVY WITH FINANCIAL TERMS AND EXCEL IN FINANCIAL LITERACY QUOTIENT AS PER COMPANIES ACT 2013 MANDATES.
      • BOARD MEMBER SELECTION- A TASK OF PERFECTION
      • SME IPO – AN OPPORTUNITY TO CAPITALIZE YOUR BUSINESS
    • December (3)
      • Good or bad, Salary Increments always cause a heartburn among employees
      • Is Economic Progress Enough?
      • Emotional Intelligence
    • November (3)
      • Generating Wealth Beyond Money
      • "Agile Mindset for Leadership"
      • Tips for Aspiring Independent Directors
    • September (3)
      • Independent Director
      • Lean Thinking Boards
      • Corporate Governance & Women on Boards
  • 2022
    • August (1)
      • Liability of Independent Directors – An Important Aspect of Corporate Governance
    • February (4)
      • A Hero's Farewell: How to handle employee exits with dignity
      • Green Bonds: An Instrument for Financing a Sustainable Future
      • Tool for effectiveness of Board Committees - Ask Right Questions
      • Russia-Ukraine war and India’s Business Implication
    • July (2)
      • Stagnation or Evolution – Mindset Shifts of Boards when Company sees Stagnated Growth
      • Risk Assessment and Minimization Procedures – Role of Board
    • March (2)
      • A study on Sustainability Report of Container Shipping Companies.
      • India and The ESG impact of Crypto Currencies
    • May (1)
      • Independent Directors liability under GST
    • November (1)
      • Workplace Sexual Harassment and the Role of Board
    • October (2)
      • How many Boards are too many?
      • Women in Indian Boardrooms Vs Diversity = Inversely Proportionate
    • September (2)
      • Organizing for the Future – Important keys to becoming future ready
      • Are you ready to serve on the Board?