Govt’s appointment of babus in PSU boards has an unforeseen villain

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To be sure, all these resolutions were passed with the backing of the government, which is the majority shareholder in PSEs.

Synopsis

This resistance to board appointments has also put the spotlight on governance practices, the performance of government-nominated directors and stock underperformance that has either delayed or derailed privatization.

Mumbai: This is a dissent note New Delhi clearly hadn’t foreseen: Minority opposition against state nominees to the boards of companies the government owns.And this resistance to board appointments has also put the spotlight on governance practices, the performance of government-nominated directors and stock underperformance that has either delayed or derailed privatization.Data compiled by ET showed that at least half a dozen listed companies,

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