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15 Public Sector Firms in India violate Sebi’s Norms of appointing atleast One Woman Director on their Respective Boards

These rules are aimed at ensuring gender diversity in boardrooms

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Fifteen PSUs including ONGC and Indian Oil Corporation failed to comply by Sebi's gender diversity directives, Wikimedia

New Delhi, Dec 16, 2016:  Sebi’s regulatory norms of appointing at least one woman director on the respective billboards till December 13, has not been followed by as many as 15 public sector firms including ONGC and Indian Oil Corporation. Reports of it went to the Parliament on Friday.

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As per the new Sebi directives and the Company’s Act, 2013 all the listed firms were required to have at least one woman director on their boards from April 1, 2015. These rules are aimed at ensuring gender diversity in boardrooms.

As on December 13, 2016, Bharat Petroleum Corporation, GAIL, Power Finance Corporation, Rural Electrification Corporation, Chennai Petroleum Corporation, Scooters India, MMTC and Fertilisers & Chemicals Travancore have not appointed women directors on their board, Corporate Affairs Minister Arun Jaitley said in a written reply to Lok Sabha, mentioned PTI.

It was mandatory for PSUs to appoint one women director to their boards
Arun Jaitley Wikimedia

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Other non-complaint firms are State Trading Corporation of India, Hindustan Photo Films Manufacturing Company, Bharat Immunologicals & Biologicals Corp, Rashtriya Chemicals and Fertilisers and Neyveli Lignite Corporation, he added.

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According to the Minister 169 and 1,106 companies listed on the NSE and BSE respectively had not appointed women directors as on September 30, this year. To avert this discrimination by acting against listed firms without a mandatory woman director, Sebi in April 2015 had announced a minimum Rs 50,000 fine. Further action against non-compliance of the directives include action against promoters and directors, if they remain non-compliant beyond six months.

A four stage penalty structure is announced by the market watchdog wherein fines would increase with the passage of time. It had asked the stock exchanges to levy the fines as the violation relates the Listing Agreement.

prepared by Saptaparni Goon of NewsGram. Twitter: @saptaparni_goon

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Diet Drinks Increase Stroke Chances in Postmenopausal Women

The results in post-menopausal women may not be generalisable to men or younger women. 

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The results in post-menopausal women may not be generalisable to men or younger women. Pixabay

Are diet drinks your choice? Beware, your heart could be at risk. A new study suggests that drinking diet drinks was associated with an increased risk of having a stroke among post-menopausal women, researchers say.

The stroke is was caused by a blocked artery, especially small arteries.

The study, published in the journal Stroke, showed that compared with women who consumed diet drinks less than once a week or not at all, women who consumed two or more artificially sweetened beverages per day were 23 per cent more likely to have a stroke, 31 per cent more likely to have ischemic stroke, and 29 per cent were at risk of developing heart disease (fatal or non-fatal heart attack).

In addition, there was a 16 per cent risk of deaths from any cause.

 

 

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A new study suggests that drinking diet drinks was associated with an increased risk of having a stroke among post-menopausal women, researchers say. Pixabay

Furthermore, stroke risks more than doubled in women without previous heart disease or diabetes and obese women without previous heart disease or diabetes, findings revealed.

“Many well-meaning people, especially those who are overweight or obese, drink low-calorie sweetened drinks to cut calories in their diet. Our research and other observational studies have shown that artificially-sweetened beverages may not be harmless and high consumption is associated with a higher risk of stroke and heart disease,” said lead author Yasmin Mossavar-Rahmani, Associate Professor at the Albert Einstein College of Medicine in the US.

For the study, researchers included 81,714 post-menopausal women aged 50-79 years.

The results in post-menopausal women may not be generalisable to men or younger women.

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Furthermore, stroke risks more than doubled in women without previous heart disease or diabetes and obese women without previous heart disease or diabetes. Pixabay

Also Read: Top 3 Factors That Play a Major Role in Fertility Issues in Women

“The American Heart Association suggests water as the best choice for a no-calorie beverage,” suggested Rachel K. Johnson, Professor at the University of Vermont in the US.

“Since long-term clinical trial data are not available on the effects of low-calorie sweetened drinks and cardiovascular health, given their lack of nutritional value, it may be prudent to limit their prolonged use,” Johnson added. (IANS)