NISM, IICA sign MoU to strengthen corporate governance, ESG and capital markets

New Delhi: The National Institute of Securities Markets (NISM), established by Securities and Exchange Board of India (SEBI), and the Indian Institute of Corporate Affairs (IICA), under the Ministry of Corporate Affairs, have signed a Memorandum of Understanding (MoU) to advance corporate governance, ESG and capital markets in the country.

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Under the partnership, the two institutions will jointly design and deliver capacity-building programmes, certification courses, executive education modules and training programmes, including for SEBI officers and officials of other regulatory and financial sector institutions.

The MoU was signed in Mumbai on May 19 in the presence of SEBI Chairman Tuhin Kanta Pandey.

Speaking on the occasion, Pandey underscored the importance of building a performance-driven corporate governance ecosystem to facilitate MSME access to capital markets, strengthen sustainability disclosures and promote evidence-based research in emerging regulatory domains.

The collaboration has been envisaged by Gyaneshwar Kumar Singh, who has been leading IICA’s strategic initiatives in the areas of corporate governance, ESG and responsible business conduct aligned with the national development agenda.

The signing ceremony was also attended by NISM Director Sashi Krishnan. The MoU was signed by Yogita Jadhav on behalf of NISM and Garima Dadhich on behalf of IICA.

According to the institutions, the agreement establishes a long-term strategic collaboration focused on knowledge exchange, capacity building, research, policy support and institutional cooperation in areas such as securities markets, sustainability and ESG reporting, and Business Responsibility and Sustainability Reporting (BRSR).

The partnership will also cover areas including insolvency, investor education, valuation, responsible investing, sustainable finance, board governance, market integrity, MSMEs and emerging regulatory frameworks.

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In addition, both institutions will collaborate on research, policy studies, curriculum design and dissemination of best practices, besides jointly organising flagship conferences, faculty exchange programmes and publications.

The collaboration is expected to contribute towards building a well-governed, inclusive and knowledge-driven ecosystem for India’s securities markets and corporate sector.

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