The most important thing is to run the company as a buisness concern,which is far from the present situation.Super Bosses ,corruption at ALL levels, indiscipline and no work culture are the factors for this state.
More productive would be to improve corporate governance norms within the company. Some time back, a minority shareholder, an institution from Britain, wanted to sue Coal India for suppression of minority rights. When CIL sells coal to discoms, they should pay for it punctually. The dominant thinking five years ago, belying expectations, was that there would be no privatisation but the PSUs / PSBs would be models of efficiency and the highest standards of corporate governance. Not sure if that has happened.
The most important thing is to run the company as a buisness concern,which is far from the present situation.Super Bosses ,corruption at ALL levels, indiscipline and no work culture are the factors for this state.
More productive would be to improve corporate governance norms within the company. Some time back, a minority shareholder, an institution from Britain, wanted to sue Coal India for suppression of minority rights. When CIL sells coal to discoms, they should pay for it punctually. The dominant thinking five years ago, belying expectations, was that there would be no privatisation but the PSUs / PSBs would be models of efficiency and the highest standards of corporate governance. Not sure if that has happened.