Public sector chiefs deserve better

Quarterly appraisal of ONGC's new chairman beats logic

Shyamal Majumdar 

Shyamal Majumdar The petroleum ministry’s reported proposal to appoint Shashi Shanker as chairman and managing director of ONGC with just a year’s validity is extraordinary. It is a classic example of all that is wrong with senior-level appointments in public sector companies. According to a report in The Indian Express, Petroleum Minister Dharmendra Pradhan has sought the approval of the Appointments Committee of the Cabinet (ACC) for Shanker’s appointment initially for a year, during which his ministry will conduct quarterly appraisal of his performance before seeking a fresh mandate ...

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First Published: Thu, September 21 2017. 22:40 IST