Reappointment process of PSU heads made simpler
The process of reappointment of a PSU head or a board-level executive has been made simpler, cutting delays in the vital appointments of the state-owned firms.business Updated: Jul 03, 2011 21:16 IST
The process of reappointment of a PSU head or a board-level executive has been made simpler, cutting delays in the vital appointments of the state-owned firms.
Instead of the proposal going to the Public Enterprises Selection Board (PESB), the administrative ministry can take the names directly to the Appointments Committee of Cabinet, sources said.
The new system has been worked out jointly by the Department of Public Enterprises and the PESB, and is likely to save three to four months in top reappointments.
Board level executives have tenure of five years or up to the age of 60, whichever is earlier. On completion of the term, if an executive has not attained the age of superannuation, he can be reappointed.
However, the new simpler procedure would not be applicable in cases where there are vigilance enquiries pending against an official.