Free Press Journal

530 non-official director posts lying vacant in 182 CPSEs

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New Delhi: As many as 530 posts of non-executive directors are vacant in 182 scheduled central public sector enterprises (CPSEs) across the country, Parliament was told today. “In 182 scheduled CPSEs, there are around 530 vacant positions of non-official Directors,” Minister of State for Heavy Industries & Public Enterprises G M Siddheshwara said in a written reply to the Lok Sabha.

According to the provisions of the Companies Act 2013, every listed public company shall have at least one-third of
the total number of directors as independent directors and the central government may prescribe the minimum number of independent directors in case of any class or classes of public companies.