National
Adani tried to mislead U.S. investors to pump their money into the company.
The Chief Executive officer of each of the three subsidiaries- Meghalaya Energy Power Transmission Corp Limited, Meghalaya Energy Power Distribution Corp Limited, and Meghalaya Energy Power Generation Corp Limited- shall also be the chief executive officer of those three parent companies.
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mso-fareast-language:EN-IN">Digital Desk: Meghalaya Energy Corporation Limited
(MeECL) and its subsidiary firms' general board structures would be
reorganized, the Meghalaya cabinet determined on Monday.
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mso-fareast-language:EN-IN">The MeECL chairman and managing director positions
would be held separately, the Cabinet agreed.
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mso-fareast-language:EN-IN">The government has decided that MeECL will have a
managing director who works full-time. The full-time MD shall be chosen under a
transparent selection procedure and may come from the IAS cadre or may be a
lateral entry, a technocrat.
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The Chief Executive officer of each of the three
subsidiaries- Meghalaya Energy Power Transmission Corp Limited, Meghalaya
Energy Power Distribution Corp Limited, and Meghalaya Energy Power Generation
Corp Limited- shall also be the chief executive officer of those three parent
companies.
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mso-fareast-language:EN-IN">The power minister will serve as the non-executive
chairman. The Chief Secretary, Additional Chief Secretary incharge power, or
Principal Secretary incharge power will be the three other subsidiary
corporations.
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mso-fareast-language:EN-IN">Conrad K. Sangma, the chief minister, claimed that
this was essential since, for the previous 50 years, the MeECL was overseen by
state government employees who were juggling several duties and couldn't devote
the necessary time to running the company effectively.
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