Jayshree Vyas appointed as first independent woman director of Bombay Stock Exchange (BSE)

M Jayshree Vyas, a professionally-qualified chartered accountant, has been appointed as the first independent woman director of Bombay Stock Exchange (BSE). Though still late by at least a few weeks from the deadline of April 1 given to all top 500 listed companies based on their market capitalisation for appointing an independent woman director on their board. The delay happened as BSE was awaiting market regulator SEBI’s approval on the appointment. As of April 6, 51 of the top 500 NSE-listed companies by market capitalisation (including BSE) did not have independent woman director, according to nseinfobase.com run by Prime Database. In March alone, about 50 companies made a beeline to appoint an independent woman director. BSE already has two non-executive women directors namely Usha Sangwan and Rajeshree Sabnavis on its Board. The Companies Act of 2013 mandates a certain class of companies to have at least one woman director on board. SEBIs, in compliance with the Companies Act 2013, made it compulsory to have at least one woman on a board from October 2014.