National Institute of Securities Markets (NISM) and Indian Institute of Corporate Affairs (IICA) Sign MoU to Strengthen ESG and Capital Markets

Key facts

• The National Institute of Securities Markets (NISM) and the Indian Institute of Corporate Affairs (IICA) signed a Memorandum of Understanding (MoU) in Mumbai on May 19.
• NISM is an educational institution established by the Securities and Exchange Board of India (SEBI), while IICA functions under the Ministry of Corporate Affairs.
• The collaboration focuses on capacity building, research, and policy support in corporate governance, Environmental, Social and Governance (ESG) practices, and capital markets.
• SEBI Chairman Tuhin Kanta Pandey emphasised the need for a performance-driven corporate governance ecosystem and enabling Micro, Small and Medium Enterprises (MSMEs) to access capital markets.
• The institutions will jointly conduct certification courses and training programmes in areas such as Business Responsibility and Sustainability Reporting (BRSR), insolvency, and valuation.