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CPSE INDEPENDENT DIRECTORS
Corruption probe to cover CPSE independent directors tooThe Department of Public Enterprises has broadened its investigation scope into corruption cases involving central public sector enterprise...- CPSE boardrooms set for 200-strong 'independent' influxThe government is urgently seeking to appoint 208 independent directors to central public sector enterprises (CPSEs) to address a critical ...
- Govt on a hiring spree as 86% independent director posts lie vacant at central public sector enterprisesAs of December 2024, 86% of independent director positions in central public sector enterprises (CPSEs) were vacant, up from 59% in October...
- Govt moves to fill 59% vacant independent director posts at CPSEsA significant number of independent director positions on central public sector enterprise boards remain unfilled, raising concerns about c...
- Govt may explore CPSE-PSB HR synergyThe government could explore such synergies after the Department of Public Enterprises (DPE) was brought under the finance ministry in July...
- PSUs should initiate process of appointing independent directors: Parliamentary panelAt present, the process is initiated by the administrative ministry, and involves six layers leading up to the approval of the Appointments...
- ONGC to nominate one director on HPCL boardSources said the Articles of Association of HPCL provide for the board to be made up of a maximum of 20 directors, including independent on...
- HPCL head to retain designation if ONGC follows Coal India modelONGC last week completed acquisition of government's 51.11 per cent stake in HPCL for Rs 36,915 crore.
- CAG audit states that CPSEs did not issue bonus sharesIn its audit report, the CAG has noted that in case of eight CPSEs, managements are yet to amend Articles of Association to provide for buy...
- Govt moots new norms for independent directors at PSUsThe govt has approved a proposal that restricts an independent director at a public sector enterprise from holding directorships in more th...
- Government mulls seeking no 'wrongdoing' affidavit from independent directorGovernment is working on a proposal that would require directors to submit an 'affidavit' stating they were not involved in any case of wro...
- GoM approves extension for senior officers in CPSEs by 2 yearsSeeking to fill the senior level vacancies in CPSEs, the Group of Ministers (GoM) today gave green signal to extend service of officers at ...
- Over 80 CPSEs fail to submit corporate governance report on timeIn 2010-11, this number was higher as about 110 public sector companies, mostly engaged in power sector, did not submit SERs.
- Negative marking for CPSEs not following corporate governance normsCPSEs that fail to comply with corporate governance norms will get negative marking from next fiscal, Department of Public Enterprises Secr...
- Govt introduces norms for independent directors on CPSE boards'Under the norms, NoDs should have a candid view of the faults or shortcomings of company's plans and accordingly suggest measures for impr...
- Public sector enterprises nominees play an independent role: GovernmentGovt is likely to specify that its nominees in public sector enterprises (PSEs) will play a role independent of their other official positi...
- Number of Directors on the Boards likely to be cappedCompanies like SAIL, Bhel, IOC and Hindustan Aeronautics (HAL) may soon have to do some pruning at the top management level.
- PSUs will find their real worth on Street, says FMFinance minister P Chidambaram on Friday said that public sector companies should be encouraged to list on stock exchanges to unlock their ...
- Par panel questions competence of PSU govt directorsGovernment directors on the boards of central public sector undertakings have come under a severe attack from a Parliamentary Committee, wh...
- DPE calls for opinions on more autonomy for PSEsCentral Public Sector Enterprises (CPSE) may end up enjoying greater autonomy and reduced government intervention in decisions relating to ...
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