ANNOUNCEMENTS
This thesis will provide evidence on the effect of women directors on the environmental risks associated with publicly listed Indian companies. Existing literature focuses on the relationship between the board director’s ratio and a firm's climate disclosure level. This study will extend its scope to Environmental, Social, and Governance (ESG) risk associated with a company and how it is related to the board structure of an organization. A sample of 500 large-cap publicly listed firms at the National stock exchange in India will be taken as the sample by doing a cross-section analysis of 2021 using a quantile regression technique to find the relationship between the gender ratio in the corporate board and the level of environmental risks. The existing literature in other countries like the United States finds evidence that the critical mass theory positively affects the firm's environmental disclosures, and independent women directors contribute to this change more than dependent directors. The association of the board directors with ESG-related committees can lead to amendments in a company's ESG performance — taken together, this study will help in assessing if the present gender quota as per the Securities Exchange Board of India (SEBI) Companies Act, 20131 is redundant or whether there has been some positive change concerning firms' environmental performance, so there might even be some need to increase the quota.
