42 CPSEs seats remain vacant
Official sources confirmed that the 42 vacant posts of CMDs and MDs was pertaining to information available till February 28, 2017.
New Delhi: In what seems like a case of appointment paralysis, as many as 42 Central Public Sector Enterprises (CPSEs) are lying headless as posts of chairman and managing directors (CMDs) and managing directors (MDs) have not been filled up for the past almost one year.
According to highly-placed sources, the process for filling up these posts got stalled after the government in June 2016 had amended a 1987 resolution related to Public Enterprises Selection Board (PESB, which is the head hunter for CPSEs), allowing candidates from private sector companies to apply for these posts. Owing to this, it became unclear as to what would be the criterion for selecting chiefs of various Schedule A, B, C and D CPSEs.
Official sources confirmed that the 42 vacant posts of CMDs and MDs was pertaining to information available till February 28, 2017. Many of these state-owned entities also include quite a few Maharatna corporations, they added.
The government with the aim of enlarging the spectrum of CPSEs and enabling them to utilise the domain expertise coming from the private sector and state PSUs, as well as to augment competition, had on June 10, 2016 amended the March 1987 resolution related to PESB, allowing consideration of candidates from private sector and state PSUs, for board level posts of CPSEs.