Subject: Role & Responsibilities of non-official Directors on the Boards of Central Public Sector Enterprises (CPSEs)
| Existing provision | Amended Provision |
| 8-SEPARATE MEETINGS (1)The non-official directors of the company shall hold at least one meeting in a year, without the attendance of Functional and Government Director and members of management; (2) All the non-official directors of the company shall strive to be present at such meeting; (3) The meeting shall: (a) review the performance of Functional and Government directors and the Board as a whole; (b) review the performance of the Chairperson of the company, taking into account the views of all the Directors. (c) assess the quality, quantity and timeliness of flow of information between the company management and Board that is necessary for the Board to effectively and reasonably perform their duties. |
8-SEPARATE MEETINGS (1) The non-official directors of the company shall hold at least one meeting in a years, without the attendance of Functional and Government Directors and members of management; (2) All the non-official directors of the company shall strive to be present at such meeting; (3) The meeting shall assess the quality, quantity and timeliness of flow of information between the company management and the Board that is necessary for the Board to effectively and |
3. All the administrative Ministries/Department are requested to bring the contents of above O.M. to the notice of CPSEs under their respective administrative control and also non-official Directors appointed on the Boards of such CPSEs for their information and compliance under intimation to this Department.
Source: http://www.dpe.nic.in
[http://www.dpe.nic.in/sites/upload_files/dpe/files/glch02b59_20062013.pdf]
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