No Independent Woman Director at 40% of NSE Cos Uday Kotak panel says cos should have at least one independent woman member on their board.Nearly 40% of the companies listed on the National Stock Exchange will have to appoint a woman independent director if the recommendations of the Uday Kotak-led Sebi panel on corporate governance were to be implemented.Data from Prime Database show that among the 1,670 companies listed on the NSE, as many as 637 do not have a woman independent director on their boards. A Securities and Exchange Board of India panel last week recommended inclusion of at least one “independent“ woman director at all listed companies. Earlier, the Companies Act of 2013 mandated a certain class of companies to have at least one woman director on board. Sebi, in compliance with the Companies Act 2013, made it compulsory to have at least one woman on a board from October 2014. Many companies inducted a woman member from their promoter families to the board to meet the