The apex body of central public sector units SCOPE today suggested the Centre to form a fresh reform committee to ensure best practices in corporate governance, board structure, ownership policy among others.
Speaking in the International Workshop on Governance of State-Owned Enterprises here, SCOPE Director General U D Choubey informed that there is marked change in perception of corporate governance in the post recession period for the public enterprises.
”...many countries including those from Asian region have already gone for new reform in ownership/board structure and strategy for Public Sector Enterprises (PSEs),” SCOPE said in a statement.
India had earlier reform committees under Kumar Mangalam Birla, Narayana Murthy, Naresh Chandra and others and now time has come when government should constitute a fresh reform committee for best practices in corporate governance and board structuring.