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Despite gender diversity efforts in India, women are underrepresented in CFO roles. Challenges include bias, retention issues, and supply-side constraints. Companies struggle to retain high-potential women, impacting women s rise to top finance roles.
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Numbers have improved in 2024 so far, but data from 2,257 NSE cos show only 45 women in director-finance roles. Experts said a push is coming from board members to improve gender diversity (which is a key element in the ESG scores of companies) at the top deck.
More than 40% of all CFO searches done by Korn Ferry in recent times were around new age companies that are planning to get listed, said Rahul Kakkar, partner and India head, CFO Practice, at the leadership advisory and senior executive search firm.