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Power sector PSUs under pressure to split CMD post after ITDC's compliance

The pressure is expected to be greater for power sector PSUs as a majority of those are part of top-500 listed companies by market capitalisation, which are required to split the post by April 1, 2022. ....

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Pressure mounts on power sector PSUs to split CMD post after ITDC's compliance - Jammu Kashmir Latest News | Tourism

New Delhi, Dec 19: With a regulatory requirement for top-500 listed firms to split the position of chairperson and managing director being less than four months away, pressure is mounting on several PSUs including from the power sector to ensure compliance, especially after state-run ITDC complied with this rule following Sambit Patra’s appointment as chairman. While the capital markets regulator Sebi had initially asked listed companies to separate the roles of chairperson and MD/CEO from April 1, 2020 onwards, it […] ....

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