The National Stock Exchange launches “NSE Prime” to raise the bar of corporate governance

The National Stock Exchange (NSE) has launched a new corporate governance initiative – “NSE Prime,” a framework that prescribes higher standards of corporate governance for listed companies than required by regulation. All NSE-listed companies can voluntarily adopt NSE Prime.

These additional disclosure requirements which have also been prescribed will allow for 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 NSE,” said a statement.

The initiative will raise the bar for corporate governance standards in India, enable investors to identify companies that have voluntarily subscribed to higher corporate governance standards, broaden the quality of investors in listed companies and strengthen still confidence in Indian capital markets.

Vikram Limaye, Managing Director and CEO of NSE, said that NSE is committed to creating a vibrant and resilient capital market. “… to achieve this goal, we have undertaken this initiative. Improved corporate governance standards, greater transparency and better information will help companies build stronger, more sustainable businesses that can stand the test of time. This will not only help businesses and investors, but also accelerate the development of the market as a whole. “

Uday Kotak, MD and CEO of Kotak Mahindra Bank, said corporate governance is the key to investor confidence in companies. “Companies must be able to build their strategic safeguards as well as transparency on their operation. The NSE initiative is another step in the direction of raising the standards of corporate governance. “

The world’s largest derivatives exchange in terms of trading volume, NSE is ranked 4th in the world for spot stocks by a number of trades.

Read also : Stocks bounce back from massive sell-offs

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