*Today, Feb 25, 2022
11:45 am to 12:45 pm*
including a 15 minutes Q & A Session
Panellists –Ved Arya* (Founder, Srijan & National Convenor, RCRC Coalition),
*Amit Chandra* (Chairperson, Bain Capital Advisors (India) Private Limited),
*R. Balasubramaniam*(Founder GRAAM & SVYM and Member, Capacity Building Commission, Government of India),
*Pushpa Aman Singh*(Founder, GuideStar India)
Moderator – *Amarjeet Singh*(Executive Director, SEBI)
🔝Social Stock Exchange (SSE) is a new idea which originates from the requirement of transparency. As we all know, public scrutiny is the best way to bring in the transparency, and capital markets are known to provide a transparent platform with direct public scrutiny.🗺️🌐Why do we need a social stock exchange?
A social stock exchange (SSE) as envisaged by a recent report by the Securities and Exchange Board of India (SEBI)— the SEBI Report—enables Indian social enterprises to list their securities or other financial instruments, providing them with an avenue for raising capital for their operations and growth, and reducing their dependency on ad hoc funding like grants or donations. This would operate as a separate segment under existing Indian stock exchanges, enabling socially minded investors to diversify their investment portfolio and developing a strong social securities market in the country.
🎯Why discuss social stock exchanges now?
SSEs were set up as a “market-based approach to social problem solving” on the view that “public spending on social welfare, development assistance, and philanthropy is generally ineffective”Developments in ethical business practices & regulation frameworks from around the world … have been key drivers pushing for reform in Indian laws.
🎯All efforts need to be directed to make sure that an enabling regulatory environment is created for the planned SSE with a minimal compliance burden imposed on the enterprises, social entrepreneurs & investors.
