......Several candidates are said to be in the fray, but one officer who has recently joined the regulator on deputation is said to be the front runner. Some old Sebi hands who had also applied are miffed. But the front runner is said to be close to powers-that-be.....
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There is need for an open debate on the selection procedure to top positions across public and private sector organisations including statutory bodies. In the real sense, public sector is no longer ‘public sector’ and private sector has ceased to be ‘private’ in the manner in which the words ‘public’ and ‘private’ were understood, say 20 years ago. Resources and responsibilities migrate across sectors. To be more specific, failure of organisations in either sector affect the finances of the nation. In this context, there is a case for more transparency across sectors in not only resources management but in the process of decision-making as to who would be managing the organizations.
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