IFC forum partners with SEBI, NISM to promote awareness

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New Delhi, Feb 22 (UNI) In consultation with the Securities Exchange Board of India (SEBI) and the National Institute for Securities Markets, the IFC Global Corporate Governance Forum has designed a program to address key elements of corporate governance reform, capacity building, and enhance awareness in the country.

''As part of this collaboration, a business investor dialogue is being organised to facilitate discussions between the private sector, domestic and international investors, and the SEBI and to shed light on that state of governance in Indian companies,'' IFC said in a statement today.

Issues to be explored include the effectiveness of various governance structures, the role of the board, disclosure, and enforcement, it added.

Discussions around research on the state of corporate governance in India's listed companies will be conducted by Professor Vic Khanna of the University of Michigan, Professor Bernard Black of the University of Texas, and Professor N Balasubramanian of the Indian Institute of Management in Bangalore.

''The event aims to identify challenges facing companies, offer possible measures for improvement, and provide an opportunity for local and international business leaders and investors to share views and experiences on the investment climate in India,'' it said.

It also aims to generate discussions and obtain policy recommendations from an assembly of local business representatives and investors, it added.


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