Zia Mody, a leading lawyer at AZB & Partners, wants to see more young people and women in company boardrooms making important decisions. At the ET CEO Roundtable 2024, she mentioned that board members are getting better at understanding risks and how to manage their reputation. Mody expressed her disappointment that there aren’t enough young faces or women in these key positions. She emphasized that, regardless of age, no one wants to be in the news for the wrong reasons.
However, Mody is excited about the younger generation entering the business world. She believes they are passionate about India and ready to chase their dreams. She noted that investors are eager to support new ideas. Some young dreamers may fail, but others achieve great success.
Talking about India’s economy, Mody said that investments in the country have grown over the past two years. Many companies are looking at India not just as an alternative to China, but as a place with its own unique opportunities. She pointed out that improving the perception of doing business in India is necessary. Processes need to be quicker, and regulations should be simplified instead of being overly controlled.
On the subject of India’s legal system, she commented that while it may seem slow, it is not unpredictable. The problem lies in having too few judges for too many cases. Mody believes that we need more judges to handle the workload better. She trusts the Supreme Court to make fair decisions most of the time but acknowledges the delays caused by backlogs. Overall, she has confidence in India’s judiciary system.
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