Ownership and Management
The Government of India owns about 86% of SAIL's equity and retains voting control of the Company. However, SAIL, by virtue of its Maharatna status, enjoys significant operational and financial autonomy.
Mr. Chandra Shekar Verma is the current chairman of SAIL, taking charge of the office on June 11, 2010. Prior to this, he was the director of Bharat Heavy electricals Limited (BHEL). Mr. Verma is a fellow member of the Institute of Company Secretaries of India (FCS) and of the Institute of Cost & Works Accountants of India (FICWA). He is a Commerce post-graduate with a Master's degree in Business Administration and Bachelor's degree in Law & Legislatures. Awards received by him during his career are plenty, some of wihhc include 'Best CFO Award' of CNBC-TV 18 in the infrastructure sector for the year 2008-09 and 'Top Rankers Excellence Award for Best Professional' for the year 2008.
Other Board members include Shri S Machendranathan (Additional Secretary & Financial Adviser to the Government of India), Prof. Deepak Nayyar, Shri AK Goswami, Dr. Jagdish Khattar, Prof. Subrata Chaudhuri, Shri Shuman Mukherjee, Shri PC Jha, Shri PK Sengupta, Shri Upendra Prasad Singh, Shri Anil Kumar Chaudhary, Dr. Isher Judge Ahluwalia, Shri Sujit Banerjee, Shri Arun Kumar Srivastava, Shri SS Mohanty, Shri HS Pati and Shri TS Suresh (as on May, 2012).
Read more about this topic: Steel Authority Of India Limited
Famous quotes containing the words ownership and/or management:
“They had their fortunes to make, everything to gain and nothing to lose. They were schooled in and anxious for debates; forcible in argument; reckless and brilliant. For them it was but a short and natural step from swaying juries in courtroom battles over the ownership of land to swaying constituents in contests for office. For the lawyer, oratory was the escalator that could lift a political candidate to higher ground.”
—Federal Writers’ Project Of The Wor, U.S. public relief program (1935-1943)
“This we take it is the grand characteristic of our age. By our skill in Mechanism, it has come to pass, that in the management of external things we excel all other ages; while in whatever respects the pure moral nature, in true dignity of soul and character, we are perhaps inferior to most civilised ages.”
—Thomas Carlyle (1795–1881)