INVC,,
Delhi,,
The Government has issued guidelines for Professionalisation of Boards of Central Public Sector Enterprises (CPSEs), which provide for appointment of requisite number of functional, government and non-official Directors. During the last three years (2007, 2008 and 2009), names of about 330 persons have been recommended for appointment as non-official Directors on the Boards of CPSEs. The professionalisation of below Board level management is dealt with by the concerned CPSEs and their administrative Ministries. The Board of Directors of Maharatna, Navratna, Miniratna and other profit making CPSEs have been delegated powers in the areas of capital expenditure, investment in joint ventures/subsidiaries, human resource management, raising debt, entering into technology joint ventures or strategic alliance etc.
This information was given by Sh. Arun Yadav, Minister of State for the Ministry of Heavy Industries and Public Enterprises ,
