The Sustainability of State-Owned Power Utility Company and the Role of Board of Directors

The primitive objective of power distribution companies is to supply electricity through the distribution network to the consumers at their desired level of demand by ensuring the reliability and continuity of quality service. Under the novelty of the service model, the utility companies bundle the consumer’s service ensuring the environmental, social, and governance (ESG) goals to reflect the need for improved information covering organizational resilience for sustainable development. This paper aims to focus on the role of the Boards of Directors for efficient and effective monitoring and controlling of the operational activities of the Distribution Company by devising a strategy emplacing clean energy, reliability of electricity supply, and endurance of power lines besides taking cost-reduction measures for the robust development of the company that indeed matters in the state-owned enterprises. This paper tends to focus on the effect of electricity on socioeconomic behavior in the national economy. Additionally, watching the potential impact of investment for sustainable development growth, the federal policy, and regulatory mandate for operative compliance. Eventually, the aforesaid real-life applications would improve corporate governance and ensure the company’s stability.