CORPORATE GOVERNANCE PUBLIC SECTOR ENTERPRISES

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Presentation transcript:

CORPORATE GOVERNANCE PUBLIC SECTOR ENTERPRISES Dr. B. Yerram Raju ASCI, HYDERABAD

RESPONSIBILITIES OF BOD GOI GUIDELINES RESPONSIBLE FOR MANAGEMENT OF PSE PRODUCTION & MATERIALS MANAGEMENT FINANCIAL MANGEMENT CONSTRUCTION MANAGEMENT GENERAL MANAGEMENT CIRCULARS FROM BPE,DOPE, AND VARIOUS MINISTRIES(1972,82,88,95,96)

COMPOSITION OF THE BOARD FULL TIME CMD 2 FUNCTIONAL DIRECTORS(ONE FOR FINANCE) 1/3 OF TOTAL STRENGTH IN MULTI-UNIT & MULTI-REGIONAL PSES ARE NON-OFFICIAL PART-TIME DIRO GOVt REPS ON BOARDS CHOICE OF NOMINEE DIRO WITH MINISTRY

NOMENCLATURE FUNCTIONAL DIRO: RESPONSIBLE FOR DAY-TO-DAY FUNCTIONING GOVT DIRO: OFFICERS DEALING WITH THE PSE IN THE MINISTRY(NOT MORE THAN TWO) NON-OFFICIAL(NOMINEE DIRO) PERSONNEL & FINANCE TO BE PART OF BOARD APPOINTMENT OF SPECIAL/EXECUTIVE DIRO WRONG

TENURE OFNOMINEE DIRECTORS: NOT MORE THAN 3 YEARS ROTATIONAL RETIREMENT (SECTION 255-257 OF THE Companies Act) AVOID IN-BREEDING AND APPOINT SCIENTISTS, TECHNOLOGISTS & SPECIALISTS SUPERANNUATION AS PER GOVT DIRECTIVES PERKS & REMUNERATION OF PART-TIME CHAIRPERSONS DECIDED BY GOVT.

CORE OF PSEs PUBLIC OWNERSHIP PUBLIC PURPOSE AND PUBLIC CONTROL

PUBLIC CONTROL LEGISLATIVE CONTROL MINISTERIAL CONTROL AUDIT CONTROL

LEGISLATIVE CONTROL Instruments: Questions; Debates & Committees (a) Public Accounts Committee (b) Estimates Committee; and © Committee on Public Undertakings

MINISTERIAL CONTROL GENERAL POLICY DIRECTIVES -PRICE FIXATION -COMMISSIONING NEW PROJECTS -INTER-CORPORATE INVESTMENTS APPOINTMENT OF BOARD of DIRECTORS

AUDIT CONTROL COMPTROLLER&AUDITORGENERAL SECTION 619(3)(A) OF THE Companies Act, 1956 COMPREHENSIVE REVIEW OF A FEW SELECTEDENTERPRISES EVERY YEAR STATUTORY AUDITORS

Institutional Environment Shift Governance Individual Parameter Strategic Governance Endogenous Preferences Behavioral Attributes Individual A layer schema:adapted from Oliver E. Williamson, THE MECHANISMS OF GOVERNANCE