The need to accelerate the appointment of Independent Directors and Women Directors on Boards of PSEs was highlighted at the 13th Program on Corporate Governance under the aegis of Department of Public Enterprises (DPE) here today. Organized by the SCOPE, the theme of the seminar was “Effective Boards for Sustainable Competitiveness with focus on Independent Directors”.
Presiding over the function, Chairman SCOPE R G Rajan said that Independent Directors have come to play a very important role in the Corporate Governance. He also urged for early implementation of Roongta Committee recommendations to help PSEs perform optimally.
Mr. A. Luikham, IAS, Secretary, Department of Public Enterprises inaugurated the Programme while Mr. R.G. Rajan, Chairman, SCOPE & CMD, RCF Ltd, Dr. U.D. Choubey, Director General, SCOPE and Prof. YRK Reddy, Lead Resource Person spoke on this occasion.
The DPE secretary, in his Inaugural Address, complimented SCOPE for organizing this program and said that many more such programs should be held for effective functioning of Boards. He said that Independent Directors bring in new perspective and Government is making all efforts in improving the structure and functioning of Boards across PSEs.
In his welcome address, the Director General pointed out that Corporate Governance program is one of the most sought after programs of SCOPE. He said that there is a paradigm shift in the outlook towards Corporate Governance around the world adding that there is need for a well documented Ownership Policy for good governance. He emphasized the need of level playing field for PSEs and urged government for early appointment of Pay Commission for PSE employees.
The Program is being attended by large number of CEOs, Directors and Senior Executives of public sector enterprises. Resource persons of international repute namely Prof. Y.R.K. Reddy, Founder & Convener, International Forum for Governance of State Owned Entities and Mr. Peter Greenwood, Corporate Governance Specialist and Solicitor in the UK will share their views in the two-days programme.