Disinvestment department asks PSUs to build brand image

Significantly,it has also called on firms to track changes in shareholding performance as well as trends in share price of its own stock as well as those of its peers. Further,price sensitive information should be vetted and approved by senior management before being made public.

An important offshoot arising from the Departments mandate of overseeing the disinvestment process is the Departments endeavours that all CPSEs currently listed and CPSEs that may be listed going forward adopt and follow best practices in corporate governance and investor relations, the department has said,adding that following best practices in corporate governance and investor relations would go a long way in enhancing the long-term sustainable value for stakeholders.

To this end,it has asked all state-run firms to set up a separate office for dealing with shareholders,provide timely and detailed information on financial performance and corporate strategy as well as initiate strategies to showcase their strengths and abilities vis-a-vis rival private sector firms.