Panel flags crisis as 53 CPSEs run without CMD and 70 percent independent director posts stay vacant

Published on 24 April 2026

Decisions could stall as top roles remain unfilled

A parliamentary panel warns of a managerial crisis across Central Public Sector Enterprises, saying many operate without full-time CMDs and face funding strains. It also notes a severe shortfall of independent directors, raising concerns over oversight and accountability. The panel urges action including revisiting dividend policies and speeding up leadership appointments to improve competitiveness.

53 CPSEs reported without full-time CMD leadership
Around 70 percent of independent director positions remain vacant
Panel cites funding issues alongside governance gaps
Calls for dividend policy review and faster executive appointments

#independent directors #cmd vacancy #governance #parliament panel #cpse

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Panel flags crisis as 53 CPSEs run without CMD and 70 percent independent director posts stay vacant

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