Functions of P.E.S.B

Specific functions assigned to the P.E.S.B include the following :

1. To be responsible for the selection and placement of personnel in the posts of Chairman, Managing Director or Chairman-cum-Managing Director (Level-I), and Functional Director (Level-II) in PSEs as well as in posts at any other level as may be specified by the Government;
2. To advise the Government on matters relating to appointments, confirmation or extension of tenure and termination of services of the personnel of the above mentioned levels;
3. To advise the Government on the desired structure at the Board level, and, for senior management personnel, for each PSE or group of PSEs;
4. To advise the Government on a suitable performance appraisal system for both the PSEs and the managerial personnel in such enterprises;
5. To build a data bank containing data relating to the performance of PSEs and its officers;
6. To advise the Government on formulation and enforcement of a code of conduct and ethics for managerial personnel in PSEs;
7. To advise the Government on evolving suitable training and development programs for management personnel in PSEs.