Expressing concern over top-level vacancies in Public Sector Units, industry chamber the Confederation of Indian Industry (CII) has said the government needs to streamline the process for appointing key functionaries in PSUs.
During a meeting with Department of Public Enterprises (DPE) Secretary DRS Chaudhary, CII Director General Chandrajit Banerjee stressed upon the need to shorten the selection process for appointments at the board level, the chamber said in a statement.
At present, about a dozen state-owned units, including MMTC and Coal India, do not have a full-time Chairman and Managing Director and in some cases, the post has been vacant for up to a year or more.
CII said there should be active involvement of the CEO in the selection of the board.
In January, the DPE had advised PSUs to groom a few executives, below the board level, who are seen as having high potential to fill leadership position in the future.
There are 249 central public sector enterprises employing about 1.5 million people.
