Nearly 98 per cent of companies listed on the National Stock Exchange (NSE) comply with all norms of corporate governance, which has a positive bearing on stock prices, a top exchange official said.
"98 per cent of companies on the NSE are in compliance, which is pretty impressive statistics. There is substantial evidence that corporate governance does improve stock prices," National Stock Exchange of India (NSE) Managing Director Ravi Narain said CII summit on Corporate Governance Summit here today.
Presenting the perspective of the Stock Exchanges on the compliance trends of corporates, Narain said improved corporate governance of Indian companies has resulted in the appreciation of their stock prices. Corporate governance is more about inculcating this culture voluntarily rather than through regulation.
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