Bourses ask firms to comply with corporate governance regulations

Written by PTI | Mumbai | Updated: Aug 6 2014, 06:30am hrs
Nudged by Sebi to step up their vigil against firms lacking good corporate governance practices, top bourses NSE and BSE have asked all listed companies to ensure compliance in 'letter and spirit' to all relevant norms.

The latest directive by the two stock exchanges also comes ahead of a new Corporate Governance Code to be implemented by the capital markets watchdog for all listed companies with effect from October 1.

In a strong-worded circular last week, Sebi asked the bourses to step up and equip their monitoring framework to identify practices wherein certain companies were observed to have flouted listing agreement and other corporate governance rules.