Corporate Governance in PSUs

Corporate governance in Public Sector Undertakings (PSUs) refers to the systems and processes that ensure these government-owned companies operate transparently, efficiently, and ethically. It involves establishing clear rules for decision-making, accountability to stakeholders, and preventing misuse of public resources. Good governance promotes responsible management, aligns the company's goals with public interests, and ensures that PSU operations are conducted with integrity, accountability, and adherence to laws and policies. Ultimately, it aims to balance governmental oversight with professional management to achieve public service objectives effectively.