Corporate Boards in India

An examination of the caste diversity of Indian corporate boards of a thousand top Indian companies - accounting for four-fi fths of market capitalisation of all companies listed in the major stock indices in India - measured by the Blau index shows that their median score for 2010 is zero, indicating that there is no diversity at all. Indian corporate boards continue to remain "old boys clubs" based on caste affi liation rather than on other considerations (like merit or experience).