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Saturday, September 25, 2021

Independent Directors of PSUs

Maharatna, navratna, mini-ratnas — of 172 Independent Directors on 98 Public Sector Undertaking boards, as many as 86 have links to the ruling party, an Express Investigation shows. Many are Independent Directors in firms under the Ministry they worked in. The IAS dominates the beneficiary pool.

INDEPENDENT DIRECTORS OF PSUS NEWS

Regulator’s high table to company boardroom: India Inc’s prize pickings

July 02, 2021 11:44 am

Among top regulators, markets monitor Securities and Exchange Board of India has a one-year period before its chairman or whole-time member can accept other employment after tenure. The Reserve Bank of India also has a cooling-off period of one year for its Governor and Deputy Governors.

Not just PSUs, even India Inc likes IAS on board as director

July 02, 2021 7:35 am

From the top finance official who took over as HDFC Bank chairman just last month to the senior industries official who joined the board of tractor manufacturer Escorts Ltd within six months of retirement.

An Express Investigation: Not politicians alone, ready perch for bureaucrats too in PSU boards

July 02, 2021 7:36 am

Records obtained through the Right to Information Act and also investigated by The Indian Express show that at least 46 retired bureaucrats serve on the boards of 40 PSUs.

How independent are Independent Directors of PSUs? Half from BJP

July 02, 2021 7:38 am

Maharatna, navratna, mini-ratnas -- of 172 Independent Directors on 98 PSU boards, as many as 86 have ties to ruling party, an investigation shows.

PSU directors: This is what Gujarat HC said when UPA packed names

June 30, 2021 7:08 am

Independent Directors are non-official directors who do not have any relationship with the companies, where they have been appointed, which may affect the independence of their judgment. Their job is to act as objective watchdogs.