The policy measures adopted by the Indian Government and the Securities and Exchange Board of India (SEBI) have led to an increment in the number of women Board members in India from a lowly 5% in 2013 to a moderate 15% in 2019. While such gender disparity scandals on the Boards of Indian family conglomerates are not unheard of, the issue seems grave when viewed in light of the oft-flouted corporate governance policies established for the same with regards to the listed entities. Rakesh Sharma, her campaign came to an abrupt end when 91% of the Board voted against her candidature in its 79th AGM held on 21-9-2020. As Valli rested her candidature on the combined 8.15% stake inherited from her father in light of Vineeta Sharma v. “Unwomanly” and “arrogant”: These were some of the comments which Valli Arunachalam, the fourth-generation scion of the Murugappa group (Group), would have to face when she presented her candidature for possibly becoming the first woman director at Ambadi Investments Limited (AIL), the holding company of the Group.
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