NSE launches NSE Prime corporate governance initiative

NEW DELHI: NSE, the main stock exchange, on Tuesday launched a new corporate governance initiative – NSE Prime – that publicly traded companies can voluntarily adopt.
The move will raise the bar for corporate governance standards in India, allow investors to identify companies that have voluntarily subscribed to higher standards of corporate governance, the exchange said in a statement.
In addition, it will broaden the quality of investors in listed companies and further enhance confidence in Indian capital markets, he added.
NSE Prime is a framework that prescribes higher standards of corporate governance for listed companies than required by regulation, the exchange said in a statement.
Additional disclosure requirements have also been prescribed to ensure better quality of public information and greater transparency.
Listed companies that voluntarily choose to be part of NSE Prime will have to adhere to predefined standards at all times, which will be monitored by the exchange.
“Improved corporate governance standards, greater transparency and better disclosures will help companies build stronger, more sustainable businesses that can stand the test of time.
This will not only help businesses and investors, but will also accelerate the development of the market as a whole, ”said Vikram Limaye, CEO and CEO of NSE.
Commenting on the initiative, Uday Kotak said that corporate governance is the key to investor confidence in companies. Companies must be able to build their strategic safeguards as well as transparency on the way they operate.
“Good corporate governance requires companies to meet standards that are set higher than regulations! It’s one of the best investments businesses can make because it lowers the cost of capital and makes businesses more competitive, ”TV Mohandas Pai mentioned.
He further stated that the recognition of these entities that set themselves higher standards enables the overall improvement of the business environment.

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