The Bomaby Stock Exchange (BSE) has undertaken a damage-control exercise following a spate of resignations of senior members from its board in last three months.
Following the resignations, there were several media reports that indicated infighting in the BSE board over certain issues. This tarnished the image the exchange. The BSE statement, issued on Wednesday, rejected all media allegations and said, ?The board is functioning in a professional manner?.
The BSE clarified impressions about some of the board level resignations having been the outcome of their interference in the day-to-day functioning of the exchange. ?The BSE would like to clarify that there is no truth in these allegations, which are totally misleading and should not be given any credence,? said the statement. ?Further, reports of split in the board are not based on facts and should not be relied upon?, it added. It further said that board meetings are conducted in a business like manner and are attended by top executives as permanent invitees. Other seniors are also invited to join in if discussions pertain to their work.