PSU NEWS
No woman director at 15 PSUs: Government
NEW DELHI: As many as 15 public sector firms including ONGC and Indian Oil Corporation have failed to comply with regulator Sebi's norms to appoint at least one woman director on their respective boards till December 13, Parliament was informed on Friday. All listed firms were required to have at least one woman director on their boards from April 1, 2015 , as per a new Sebi directive, as also under the Companies Act, 2013.
As on December 13, 2016, Bharat Petroleum Corporation, GAIL, Power Finance Corporation, Rural Electrification Corporation, Chennai Petroleum Corporation, Scooters India, MMTC and Fertilisers & Chemicals Travancore have not appointed women directors on their board, Corporate Affairs Minister Arun Jaitley said in a written reply to Lok Sabha. Times of India
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