What started of as a co-location scam — preferential access for some brokers to the trading platform, at the National Stock Exchange (NSE) — has today become a full blown corporate governance crisis. An all powerful CEO who during her tenure, it is now clear, had scant regard for norms, a ‘Himalayan Yogi’ who surprisingly seemed to know a lot about NSE and interfered in its workings, and a Board of Directors that failed to execute its fiduciary responsibilities have all contributed to this situation.
As the crisis unravels, BusinessLine, which has been in the forefront in reporting this development, attempts to go deeper into the problem by analysing what happened, how it happened, how it could have been avoided and more importantly, what needs to be done now to avoid a similar crisis through a webinar on ‘NSE’s Himalayan Scam’ on Monday at 4 pm.
The discussion, part of the BusinessLine Knowledge Series, will have a strong line up of experts which includes M Damodaran, former Chairman, SEBI and Chairperson, Excellence Enablers; JN Gupta, Founder & MD, Stakeholders Empowerment Services, along with BusinessLine journalists Lokeshwarri SK, Associate Editor, and Palak Shah, Senior Assistant Editor, who have been tracking this scam closely. The discussion will be moderated by Raghuvir Srinivasan, Editor, BusinessLine.
To be part of this discussion, register by clicking on https://bit.ly/BLKSHS
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