Indian Public Sector Undertakings Trail Behind in Boardroom Diversity and Succession Planning
Corporate Governance Practices Raise Concerns
A recent survey by Excellence Enablers, a leading corporate governance expert, has highlighted concerns regarding the presence of independent directors in Maharatna and Navratna companies.
According to the fifth edition of the survey, a total of 36 Maharatna and Navratna companies failed to meet the mandatory minimum number of independent directors in the fiscal year 2024-25. The survey, which covered 14 Maharatna and 26 Navratna companies, aimed to assess corporate governance practices in these organizations.
The findings of the survey indicate a need for improvement in the area of corporate governance, particularly with regards to the composition of the board of directors.
Read also: Treasury Yields Experience Largest Increase in Two Weeks Following Release of Labor Market Data
Investor Takeaway
Investors should monitor corporate governance practices in Indian Public Sector Undertakings for potential long-term implications.
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