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Prominent leaders such as Naushad Forbes, Saugata Gupta, Bharat Puri, Pankaj Arora, and Shailesh Haribhakti stress the significance of empathy in leadership. Companies recognize the need for employee engagement and value leaders who demonstrate both performance and empathy.
Indian corporations are struggling to attract more women to executive director roles, with only 10% of the top 200 listed companies having female executive directors. This is despite efforts to strengthen diversity at leadership levels by Indian corporations. The higher proportion of women as independent directors is 27%, primarily due to the regulatory mandate of at least one independent woman director on a listed board.
A toolkit to bind the CXOs may include measures like longer tenure employment contracts (five years versus three years) and longer notice periods (six to nine months) as compared with three months earlier, according to the CXO search consultants.
The scramble for the best and the brightest legal talent has been ignited by a constantly changing regulatory environment, rising focus on corporate governance and ethical standards, and regularly evolving GST structures. This is leading to a massive churn in CLOs, said HR consultants and company officials.