Public sector companies with 650 board-level posts need to groom managers for top leadership so that the issue of succession is easier to tackle, the chief of PSUs body SCOPE, Arup Roy Choudhury, said today.
"There are about 650 board level posts across the public sector and each PSU should identify five or six talented managers who are capable of becoming directors," Choudhury, the Chairman of Standing Conference of Public Enterprises (SCOPE) said at a programme organised jointly with International Management Institute (IMI).
In all, there are 242 Central Public Sector Enterprises in the country.
SCOPE Director General U D Choubey said there was a need for separation of ownership and management. Ownership should not transgress into the managerial domain and there should be a balance between autonomy and state control.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app