Ministries, DPEs didn't deduct MoU score of CPSEs despite non-compliance of Sebi norms: CAG

Administrative ministries did not deduct marks from the MoU score of CPSEs despite non-compliance of Sebi Regulations on Corporate Governance, a CAG report revealed on Wednesday

Published on:

13 Aug 2026, 5:15 am

New Delhi: Administrative ministries and the Department of Public Enterprises did not deduct marks from the MoU score of CPSEs despite non-compliance of Sebi Regulations on Corporate Governance, a CAG report revealed on Wednesday.

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The review of corporate governance by the Comptroller and Auditor General (CAG) of India covered 65 CPSEs, whose shares/bonds were listed on stock exchanges and 36 CPSEs, including four statutory corporations, whose bonds/debentures were listed on the bourses as on March 31, 2024.

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In seven central public sector enterprises (CPSEs) the number of non-executive directors were found to be less than 50 per cent of the board strength during the whole/part period of 2023-24, the report found.

A total of 49 CPSEs the required number of independent directors on board durign the pariod, it said.

Five CPSEs face SEBI compliance fines over shortage of Independent Directors, seek waivers

Moreover, seven CPSEs did not have a woman director on the board and 16 CPSEs -- part of top 1,000 listed entities -- did not have women independent directors on the board during whole/part period of 2023-24.

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