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Indian firms mock gender diversity as boardroom deadline passes


NEW DELHI: Corporate India has made a mockery of an order to appoint women directors by recruiting wives, daughters and even stepmothers, analysts said on Wednesday as the deadline set by regulators for boosting gender diversity in the boardroom passed.

The Securities and Exchange Board of India (SEBI) last year imposed a quota of at least one female director on the board of every listed firm, and last month SEBI head U.K. Sinha warned of "very serious" consequences if companies did not comply.

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