The “club of brokers” that existed as a “closed” entity for 150 years, becomes a professional corporation that will embrace “open transparent” corporation BS Ltd., (might even get listed in BSE soon) from today (Aug 20, 2005) – a long way indeed.
BSE started the 30-shares based index ”Sensex” that has become a barometer of corporate confidence in India. National Stock Exchange (NSE) that came much later had embraced technology and moved to completely online trading; BSE had done the “catch up” game. In overall volume BSE still has a significant volume.
It is a natural coincidence that the transition to the new structure was formally done by none other than Narayana Murthy, Chairman, InfoSys who pioneered Corporate Governance in India and whose brain-child InfoSys got the No 1 Rank in Corporate Governance Survey conducted by Economic Times (announced just yesterday!)
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