SEBI, NISM and IICA sign MoU to Advance Corporate Governance, ESG and Capital Markets

📌 Summary:

• The National Institute of Securities Markets (NISM) — established by SEBI — and the Indian Institute of Corporate Affairs (IICA), under the Ministry of Corporate Affairs, signed an MoU to advance Corporate Governance, ESG and Capital Markets
• The MoU was signed in Mumbai on 19 May 2026; the ceremony was graced by SEBI Chairman Tuhin Kanta Pandey
• The two institutions will jointly design capacity-building programmes, certification courses, executive education modules and training — including for SEBI officers and officials of other regulatory and financial-sector institutions
• The SEBI Chairman stressed building a performance-driven corporate governance ecosystem, enabling MSME access to capital markets, strengthening sustainability disclosures, and fostering evidence-based research in emerging regulatory domains
• Collaboration areas: securities markets, ESG and sustainability reporting, Business Responsibility and Sustainability Reporting (BRSR), insolvency, investor education, valuation, responsible investing, sustainable finance, board governance and market integrity
• The partnership covers joint research, policy studies, curriculum design, flagship conferences, faculty exchange and publications

🎯 UPSC Relevance: GS2 (Governance — corporate governance, transparency, regulatory institutions) and GS3 (economy — capital markets, ESG). It shows institutional collaboration to strengthen India's financial regulatory ecosystem.

📝 Prelims Facts:

• NISM was established by SEBI; SEBI is the statutory regulator of India's securities markets
• IICA functions under the Ministry of Corporate Affairs
• BRSR = Business Responsibility and Sustainability Reporting — SEBI's ESG disclosure framework for listed companies
• SEBI Chairman: Tuhin Kanta Pandey

🔑 Key Term: ESG (Environmental, Social and Governance) — a framework for assessing a company's sustainability and ethical impact, increasingly central to corporate disclosure and responsible investing.