" This would be subject to the officer meeting the prescribed performance benchmark and on being clear from the vigilance angle, Jitendra Singh said."
New Delhi, Aug 6 - The government said Wednesday it had taken no decision to give a fixed tenure to CMDs or functional directors of public sector undertakings even by extending their service.

Minister of State in the Prime Minister's Office Jitendra Singh gave this information in the Lok Sabha.

He said in a statement that functional directors were appointed on the board of public sector undertakings for five years or till the age of superannuation, whichever was earlier.

If the initial tenure of five years of an incumbent ends prior to his attaining the age of superannuation, the term could be extended till the day of superannuation, the minister said.

This would be subject to the officer meeting the prescribed performance benchmark and on being clear from the vigilance angle, Jitendra Singh said.

There is no decision of the government to give a fixed tenure to chairman-and-managing director or functional director of any public sector undertaking even by allowing them to continue beyond the age of superannuation, he said.


comments powered by Disqus
Read more on:
 

PERMALINK

http://www.nerve.in/news:2535002393987
You can quote the permanent link above for a direct link to the story. We do not archive or expire our news stories.


STORY OPTIONS
  Email this story to a friend
  XML feed for India


 
COPYRIGHTS INFORMATION
All rights reserved for news content. Reproduction, storage or redistribution of Nerve content and articles in any medium is strictly prohibited.
Contact Nerve Staff for any feedback, corrections and omissions in news stories.
 

All rights reserved for the news content. Reproduction, storage or redistribution of Nerve content and articles in any medium is strictly prohibited.