Diversity is imperative for success of every organization. Creating a diverse and inclusive culture has become fundamental for a long term success of the organization. Yet, board diversity has largely remained an alien concept in most boardrooms worldwide. In India, women constitute 48% of the total population but their presence on the boards of companies has not been substantial. This proposal attempts to study the perception of male and female about the representation of women on boards in Indian firms. The objective of this research is to study the impact of gender diversity on corporate performance and to find the role of the chairperson which does not look easy for facilitating the participation of women directors on boards. The credibility of co-directors and organizational characteristics are important considerations by taking firm decision to join the board. The policy implications become the basic requirement for more structured approaches in identification, process of effective director assessment and stakeholder’s intervention to build the pipeline of women directors for the future. The secondary data is used for the purpose of study which is collected from online journals, magazine articles, annual reports and e-book etc.