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In November 2023, Godrej Agrovet Limited (GAVL), a publicly listed agribusiness subsidiary of the Godrej Group, encountered a governance dilemma centered on gender diversity at the board level. The company already surpassed India’s legal mandate by maintaining six women on a thirteen-member board roughly 46% female representation, far exceeding the national average of about 20% (ReferTable 4).
The Nomination and Remuneration Committee (NRC), chaired by Dr Ritu Anand (Independent Director), convened on November 3, 2023, in Mumbai to finalize nominations for the upcoming financial year. The committee faced a complex governance decision regarding the future direction of...
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