The National Stock Exchange (NSE) is the leading stock exchange in India and the fourth largest in the world by equity trading volume in 2015, according to World Federation of Exchanges (WFE).It began operations in 1994 and is ranked as the largest stock exchange in India in terms of total and average daily turnover for equity shares every year since 1995, based on annual reports of SEBI.
Recognizing the important role that stock exchanges play in enhancing corporate governance (CG) standards, NSE has organized new initiatives relating to CG. To encourage best standards of CG among the Indian corporates and to keep them abreast of the emerging and existing issues, in December, 2012, NSE set up a Centre for Excellence in Corporate Governance (NSE CECG), which is an independent expert advisory body comprising eminent domain experts, academics and practitioners. The expert body discuss CG issues and development from time to time. The ‘Quarterly Briefing’, a note that offers an analysis of one emerging or existing CG issue, is a product emerging from these discussions.
The Advisory Committee Members of NSE CECG are:
|Independent Director, CMC Ltd.
|Deepak M. Satwalekar
|Former MD & CEO, HDFC Standard Life Insurance Company Ltd.
|Adjunct Faculty, IIM-A and IIM-B
|Professional Independent Director
|Commercial Lawyer and M&A Partner, Khaitan & Co.
|Assistant Professor, National University of Singapore
|Professor, University of Michigan Law School