The National Stock Exchange (NSE) on December 21 launched a new corporate governance initiative – ‘NSE Prime’, that NSE-listed companies 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 a higher quality of public information and greater transparency.
- Listed companies that voluntarily choose to be part of NSE Prime will need to comply with pre-defined norms on an ongoing basis, which will be monitored by NSE.
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