Indianmandarins has reliably learnt that there has been a haste in formalising the forced exit of a senior competent director in a 'Schedule A' Central PSU despite Central Vigilance Agency (CVC) gave its clearance and found the case fit for extension but due diligence and guidelines are being compromised. Reportedly, the Annual Performance Appraisal Reports are being defied else how come a senior Director duly selected by the same system and having outstanding APAR in last 28 years be rated below average abruptly. It is also learnt that Special Performance Report (SPR) was not written within the prescribed timeframe. Further clue to the development may be drawn from the fact that the Director-level post in that 'Scheduled A' company was recently recommended for abolition but the Board of the company did not approve the move. As per the guidelines it is mandatory for a 'Schedule A' company to have the posts of Director (Finance) and Director (Personnel) but the top concerned authorities are keen on abolishing the post. Having failed to get Board's approval, the move goes on with the pace to dislodge the Director. The real reason and rationale will come in due course of time only.