Effectiveness of board of public enterprises: an internal control mechanism of corporate governance

Role of Board of directors in public sector enterprises is very significant. Fiduciary responsibilities of directors, apart from other functions, assure effectiveness of internal control system for good governance in the enterprise. Board should make every effort in adding value to the organisation. Effectiveness of Board members would improve through proper induction, training and ensuring good code of conduct in the organisation. Further, it is also necessary to have details of board members interest on item of the Board meeting as well as affairs of public enterprise.