The National Stock Exchange (NSE) recently launched a new corporate governance initiative -- NSE Prime, which the companies listed on the exchange can adopt voluntarily. NSE Prime is a framework that prescribes higher standards of corporate governance for listed companies than those required by regulations. Additional disclosure requirements have also been prescribed to provide for higher quality of public information and greater transparency. Listed companies that voluntarily choose to be a part of NSE Prime will need to comply with pre-defined norms on an ongoing basis, which will be monitored by the NSE.
This initiative will raise the bar for corporate governance standards in India, enable investors to identify companies which have voluntarily signed up for higher standards of corporate governance, broaden the quality of investors in listed companies and further strengthen trust in the Indian capital markets.
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