'Enhanced autonomy for PESB to expedite board level hiring'
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'Enhanced autonomy for PESB to expedite board level hiring'

Last Updated: Thursday, January 17, 2013, 21:50
 
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'Enhanced autonomy for PESB to expedite board level hiring'
New Delhi: Apex PSUs body SCOPE Thursday said the Public Enterprises Selection Board should be given enhanced autonomy for appointing board level executives in Central Public Sector Enterprises to expedite the appointment process.

"With enhanced autonomy, Public Enterprises Selection Board (PESB) would be able to complete selection process within a short span," Standing Conference of Public Enterprises (SCOPE) Director General U D Choubey said in a statement.

He also urged the delegates to enhance their awareness of the selection framework and process and realise the full potential during board interviews. This would facilitate their transition from the role of a senior manager to that of a board level position.

The government is looking to fill board level positions in at least 19 public sector companies, including the top posts for six entities such as Scooters India, Nalco and Rashtriya Ispat Nigam Ltd (RINL).

The PESB, which advises and helps government in selection of board members at public sector firms, is in the process of screening applications for these positions, a number of which have already fallen vacant.


The positions for which PESB has sought applications include the Chairman and Managing Director for at least four companies: Bharat Electronics, Nalco, RINL and Scooters India.

Besides, the applications have been invited for the position of Managing Director at two companies: Biecco Lawrie Ltd (BLL) and North Eastern Regional Agricultural Marketing Corp Ltd (NERAMAC).

Further, Choubey said, in the changing economic order, PSEs Thursday have moved towards global presence and it is a matter of time that CPSEs would become the real role model in the country and improve the economy.

PTI



First Published: Thursday, January 17, 2013, 21:50


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