Making PSUs board-yukt and sarkar-mukt
PSUs comprise played a properly-defined role in India’s growth over 74 years. Some comprise delivered sterling outcomes that the return-searching for, capital-heart-broken non-public sector would were unable to invent
Topics
public sector undertakings PSUs | PSUs performance | non-public sector
The Securities and Commerce Board of India (Sebi) introduces new guidelines for listed firms to decrease the affect of promoters and to empower self reliant directors. A few promoter-driven firms invent deserve such guidelines.
Nonetheless what about conditions where the authorities is the promoter? Public sector devices (PSUs) get exemptions from Sebi guidelines for board governance. Why are they treated like a reasonably about a case for applying the Firms Act and Sebi supervision? Absolutely, the the same company guidelines have to apply. Analysis on the considerations confronted by PSU administration are properly-documented. …
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