SEBI sets up technical committee on social stock exchanges

Markets regulator SEBI has constituted a technical committee, under the chairmanship of Harsh Kumar Bhanwala, former chairman of Nabard, following the recommendations of a working group on social stock exchange.

The technical committee would prescribe disclosure requirements related to performance, financials and governance and dwelling upon aspects related to social impact and social audit.

The committee will comprise of members including Vikram Gandhi faculty at Harvard Business School and founder of Asha Impact; Ingrid Srinath, founder director, Centre for Social Impact and Philanthropy at Ashoka University; Pushpa Aman Singh, CEO of Guidestar; and Santhosh Jayaram, partner and head (Sustainability) and CSR advisory at KPMG.

In addition, Roopa Kudva, managing director of Omidyar Network India; Shaji Krishnan V, deputy MD of Nabard; Sanjeev Singhal, chairman of sustainability reporting standards board at ICAI; representatives of BSE, NSE and Sebi are also part of the technical group.
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