National Stock Exchange Launches ‘NSE Prime’ to Raise the Bar on Corporate Governance

These additional disclosure requirements that have also been made will ensure a higher quality of public information and greater transparency. Listed companies that voluntarily choose to be part of NSE Prime will be subject to ongoing compliance with predefined standards, which will be monitored by NSE,” a press release said.

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

Vikram Limaye, MD & CEO, NSE, said NSE is committed to building a vibrant and resilient capital market. “…to achieve this goal, we have taken this initiative. Improved corporate governance standards, greater transparency and better disclosures will help companies build stronger and sustainable companies that can stand the test of time. and investors, but also accelerate market development in general.”

Uday Kotak, MD and CEO of Kotak Mahindra Bank, said corporate governance is the key to investor confidence in companies. “Businesses need to be able to build their strategic guardrails along with transparency about how they operate. NSE’s initiative is another step towards raising corporate governance standards.”

The world’s largest derivatives exchange by trading volume, the NSE ranks 4th in the world in cash stocks by a number of trades.

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