Nowadays Woman Director Company is considered to be at par with men in every walk of life. Their significant contributions in every area are being valued and recognized. Their seamlessly multitasking abilities, emotional intelligence, and a different perspective on various administrative, operational, functional as well as managerial decisions can help in taking an organization to a different level of success altogether.
In an effort to boost women entrepreneurship and bring them on board of Indian companies, various schemes for promoting women entrepreneurship have been introduced by the Indian government. Under these schemes, certain companies are required to have woman director mandatorily on the Board.
However, to become a managing director of a company the person must be between the age of 21 years and 70 years. This makes it clear that a woman can be a director in a company irrespective of her qualification and experience.
In most companies, an appointment of wives, daughters, and sisters of the promoters is acceptable i.e. the appointment of female family members as woman directors of the company is acceptable. However, this does not take away the responsibility of a director to work in the best interest of the company at all times.