A Memorandum of Understanding (MoU) was signed to advance corporate governance, ESG, and capital markets in India by the National Institute of Securities Markets (NISM), which is established by the Securities and Exchange Board of India (SEBI), and the Indian Institute of Corporate Affairs (IICA), which is under the Ministry of Corporate Affairs.
Training programs, certification courses, executive education modules, and capacity-building initiatives, including those for SEBI officials and those from other financial and regulatory agencies, will be developed and delivered by the two organisations in tandem under the terms of the cooperation.
On May 19, the MoU was inked in Mumbai with SEBI Chairman Tuhin Kanta Pandey present.
During his speech, Pandey stressed the need for a performance-driven corporate governance ecosystem to help micro, small, and medium-sized enterprises (MSME) gain access to funding, improve sustainability disclosures, and encourage research based on evidence in new areas of regulation.
Gyaneshwar Kumar Singh, who has been spearheading IICA’s strategic efforts in corporate governance, ESG, and responsible business conduct in line with the national development plan, has been envisioning the partnership.
Director Sashi Krishnan of NISM was also present at the signing event. Yogita Jadhav of NISM and Garima Dadhich of IICA signed the memorandum of understanding.
The institutions claim that this agreement sets the stage for a long-term strategic partnership centred on areas like securities markets, sustainability, ESG reporting, capacity building, research, policy support, and institutional cooperation. The partnership will also cover topics like BRSR, business responsibility, and sustainability.
Along with insolvency and investor education, the alliance will address valuation, responsible investing, sustainable finance, board governance, market integrity, micro, small, and medium enterprises (MSMEs), and new regulatory frameworks.
IMage Credit: TOI
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