https://www.taxtmi.com/news?id=16066 Board composition of central public sector enterprises includes government nominees chosen by the administrative Ministry. While company law contemplates appointments at general meetings and the Nomination and Remuneration Committee's role in selecting and setting criteria for directors, those committee provisions are not applicable to government companies by administrative exemption. A non executive, including a nominee director, is liable only for omissions or commissions occurring with the director's knowledge attributable through Board processes, with consent or connivance, or for failure to act diligently. en-us Wed, 27 Apr 2016 13:20:06 +0530 Wed, 27 Apr 2016 13:20:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=16066 Board composition of central public sector enterprises includes government nominees chosen by the administrative Ministry. While company law contemplates appointments at general meetings and the Nomination and Remuneration Committee's role in selecting and setting criteria for directors, those committee provisions are not applicable to government companies by administrative exemption. A non executive, including a nominee director, is liable only for omissions or commissions occurring with the director's knowledge attributable through Board processes, with consent or connivance, or for failure to act diligently. News - Wed, 27 Apr 2016 13:20:06 +0530 https://www.taxtmi.com/news?id=16066