💨 Abstract

A parliamentary panel has expressed concern over persistent vacancies and under-representation of independent directors on the board of Bharat Heavy Electricals Limited (BHEL), a public sector firm. The panel noted that the delay in filling vacancies raises questions about governance practices and adherence to regulatory norms. The committee also highlighted that while BHEL has made a remarkable turnaround from losses, profits earned in relation to revenues remain relatively modest.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖