On the Jalan Committee Report

Chakrabarti, R (2011) On the Jalan Committee Report. Economic and Political Weekly, 46 (2). pp. 14-17. ISSN 2349-8846

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The recommendations of the Jalan Committee on the governance of stock exchanges have evoked a storm of protests, especially from sections of those involved in trading securities. This is not surprising, for the overarching stance of the committee is that exchanges are in the nature of "public institutions" with significant externalities for the economies they serve. This is because they have a dual purpose of providing trading services as well as carrying out regulatory functions of monitoring traders and listed companies. Thus they approximate in nature an "essential facility".

Item Type: Article
Subjects: Corporate Governance
Date Deposited: 19 Oct 2018 15:53
Last Modified: 12 Jul 2023 17:51
URI: https://eprints.exchange.isb.edu/id/eprint/639

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