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The maximum tenure of CEO and MD of public sector banks has been increased to 10 years, a move that will help the government retain the best talent in the banking sector. The term for the appointment has been extended to 10 years, from the earlier 5 years, subject to superannuation age of 60 years. This is also applicable for whole-time directors of all Central Public Sector Enterprises (CPSEs). The amendment would be called Nationalised Banks (Management and Miscellaneous Provisions) Amendment Scheme, 2022. The central government has the right to terminate the term of office of a whole-time director, including the managing director, any time before the expiry of the term specified, by giving him a notice of not less than three months, in writing or three months’ salary and allowances in lieu of notice. The decision of the government would help banks to retain the talent who rise to the ladder of whole-time directors at a very early age of 45-50 years.
In which decision-making technique do experts provide their opinions anonymously to avoid bias, and a consensus is reached after several rounds?
Bounded Rationality is also referred to as ___________
How does feedback play a role after making a decision?
Why is it necessary to eliminate other solutions in the decision-making process?
Rohan wants to buy a laptop. He wants a laptop that has 5 GB RAM, cost less than Rs.30,000 and is light weight. Which of the following step of rational ...
As per Herbet Simon’s bounded rationality theory, the decision made is ______ in nature.
What do we call a group brought together from different functions and levels of an organization to consider ways in which the organization's activities ...
Which of the following is the first step in decision making?
A phenomenon in which decision is taken by a group that conforms to majority opinion to maintain group harmony, is known as ____________
Which of the following is not a feature of strategic decisions?
