Friday, April 15, 2011

STRICTER NORMS FOR INDEPENDENT DIRECTORS ON PSU BOARDS SOON

The Government will announce stricter guidelines for board appointments at state-run companies and
simplify succession planning in them. There is need to upgrade the quality of independent directors in the boards of Public Sector Undertakings (PSUs). Around 70 posts of CMDs and full-time directors
and 300 posts of independent directors are currently lying vacant at PSUs.

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