Key Points
Ashish Chauhan, MD & CEO, NSE, says effectively the Indian corporate ethos has always been about social good and slowly it is also getting formalised in some ways, with the Companies Act 2013 making CSR contribution compulsory for a company beyond a particular size; 2% of the profits have to go for social causes..
No wonder so many education institutions are getting helped, so many training centres are coming up, and so many toilets are getting made . Unlock Leadership Excellence with a Range of CXO CoursesOffering CollegeCourseWebsiteIIM LucknowIIML Chief Executive Officer ProgrammeVisitIndian School of BusinessISB Chief Digital OfficerVisitIIM LucknowIIML Chief Marketing Officer ProgrammeVisit..
How do we create that trust back even into social sector because what has happened over 30 years after setting up of NSE and screen-based trading and slowly increasing the corporate governance standards that today India has become pretty much the best in class, in terms of not only the technology part or the speed of execution, but also in corporate governance...
That is where the stock exchange comes in that we are able to create trust where a person sitting in Jorhart or Dibrugarh is able to put in her hard-earned Rs 10,000 or Rs 1000 in a company in Salem having complete faith in the country's governance, country's parliament, country's judiciary, country's administration, regulators and also stock exchange and absolutely for the entrepreneurs..
It has happened because of transparency, increasingly better corporate governance and also use of modern technology and that is why I say that today's situation will ensure that the societies which adapt to newer technologies will create better wealth and better life for themselves provided they trust each other...
