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PESB hunts for top guns to head public sector units

The Public Enterprises Selection Board, PESB, has decided to commence the process of selection of chief executives of public sector undertakings, or PSUs, a year before the expiry of the term of the respective incumbents.

PESB chairman T K A Nair said the central government had already accepted the board's proposals in this regard.

The National Thermal Power Corporation, or NTPC, the Mahanagar Telephone Nigam Limited, or MTNL, and the Indian Telephone Industries, or ITI, were the three PSUs where vacancies of chief executives needed to be filled in the order of priority at present.

Interviews for these posts had already been scheduled for next month, Nair said in Kochi.

Nair, who is also chairman of the Kerala Chemicals and Proteins Limited, said that the selection of candidates was based on their past performance, inputs received from the respective ministries, their performance before the PESB at the time of interview, and their annual performance report from the institutions where they worked.

He said the board had also commenced an exercise to perfect the performance appraisal format to be followed by the PSUs in preparing the annual performance reports of board level executives and those up to two levels below the board members.

This had become necessary as the present system of performance appraisals in PSUs were found to be below the mark, Nair said.

Nair said the PESB had also held discussions with a group of experts drawn from the Navaratna and Mini Navaratna PSUs on preparing the new format.

He said the PESB had been sending the selection lists to the respective ministries on the very day the selections were made. These were finally to be approved by the Appointments Committee of the Cabinet, he added.

UNI

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