Sebi asks govt to appoint women directors on PSU boards

By Editor News

 

To ensure parity between listed PSUs and their private sector peers, regulator Sebi has asked the government to fill all vacancies for women and independent directors at the central public sector enterprises.

 

All listed companies, whether PSUs or from private sector, are required to have at least one woman director on their board, deadline for which expired on March 31, 2015.

 

Along with many private sector companies, quite a few PSUs also failed to meet the deadline and they are liable to pay penalties, which would be minimum at Rs 50,000 for those who ensured compliance by June 30.

 

#Sebi #PSUBanks

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