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

2. 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)

3. 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

4. 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

5. TENURE OFNOMINEE DIRECTORS:
NOT MORE THAN 3 YEARS
ROTATIONAL RETIREMENT
(SECTION 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.

6. CORE OF PSEs
PUBLIC OWNERSHIP
PUBLIC PURPOSE AND
PUBLIC CONTROL

7. PUBLIC CONTROL
LEGISLATIVE CONTROL
MINISTERIAL CONTROL
AUDIT CONTROL

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

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

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

11. 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