Business Responsibility and Sustainability Report for FY 2023-2024
About BRSR
The Business Responsibility and Sustainability Report (BRSR) is a framework developed by the Securities and Exchange Board of India (SEBI) to promote responsible and sustainable business practices among listed companies in India. Introduced in 2021, the BRSR builds upon the earlier Business Responsibility Reporting (BRR) framework and aims to enhance the quality and comprehensiveness of ESG (Environmental, Social, and Governance) disclosures.
The BRSR framework requires the top 1,000 listed companies (by market capitalization) on Indian stock exchanges to report their ESG-related information in a structured manner. It encompasses a wide range of parameters, including environmental impact, social initiatives, governance practices, stakeholder engagement, and business ethics. The objective is to provide stakeholders with a holistic view of a company's sustainability performance and its contribution to the overall well-being of society.
Under the BRSR, companies are required to disclose relevant ESG information in their annual reports or through a separate sustainability report. The framework encourages companies to adopt a strategic approach towards sustainability, integrate ESG considerations into their business models, and align their practices with internationally recognized frameworks and principles.
Executive Summary
BSE is committed to upholding the principles of Business Responsibility and Sustainability Reporting (BRSR) framework, mandated by the Securities and Exchange Board of India (SEBI), for the top 1,000 listed companies in India. BSE views BRSR reporting not merely as a regulatory requirement but as an integral part of its corporate ethos, recognizing the significant role of Environmental, Social, and Governance (ESG) factors in today's business environment. By adhering to BRSR, BSE actively demonstrates its dedication to transparency and sustainability, acknowledging the importance of comprehensive ESG reporting for investors, stakeholders, and society as a whole.
BSE diligently follows the guiding principles of the BRSR framework. Adhering to the first principle, it has implemented robust policies such as Whistle Blower policy, Codes of Ethics for Directors and Key Management Personnel, and a comprehensive Ethical Code of Conduct for all employees, underscoring its commitment to integrity, transparency, and accountability. Moreover, BSE's procurement strategy exemplifies its dedication to principle two, prioritizing safety and minimizing resource consumption.
In line with principle three, BSE fosters an inclusive workplace environment, providing facilities for differently abled individuals and promoting ethical conduct and open dialogue among employees. Comprehensive employee benefits, including medical insurance and health and wellness programs, contribute to employee well-being. Pursuant to principle four, stakeholder engagement is a priority for BSE, with various communication channels available for stakeholders to provide input on economic, environmental, and social issues. The company actively addresses shareholder queries and maintains a dedicated CSR & ESG committee to fulfil its societal responsibilities.
Embodying principle five, BSE integrates human rights awareness into its employee induction program and upholds policies against sexual harassment and for grievance redressal, ensuring the fair treatment of all individuals within the organization. With respect to principle six, environmental sustainability is a key focus for BSE, with initiatives such as rainwater harvesting, energy conservation measures, and plastic bottle recycling at its Mumbai facilities.
In terms of principle seven, BSE collaborates with trade and industry chambers to positively influence regulatory policies. Addressing principle eight, BSE has demonstrated its commitment to inclusive growth through its CSR initiatives. Notably, contributions to the Prime Minister's National Relief Fund aid the public indiscriminately, and support for the Indian Cancer Society has directly affected individuals in need. Fulfilling principle nine, BSE prioritizes responsible customer engagement through comprehensive policies on cybersecurity and data privacy, as well as investor protection measures such as the Investor Protection Fund. The company also champions financial literacy among investors, extending educational outreach to college and university students.
Overall, BSE's adherence to the BRSR framework reflects its steadfast dedication to operating as a socially responsible, inclusive, and transparent organization, contributing to sustainable development within the parameters of BRSR.
Note: The numbers are rationalised in this year's BRSR, wherever required.
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SECTION A: GENERAL DISCLOSURES
- Details of the listed entity
Sr. | Particulars | Response |
No. | ||
1. | Corporate Identity Number (CIN) of the Listed Entity | L67120MH2005PLC155188 |
2. | Name of the Listed Entity | BSE Limited |
3. | Year of incorporation | 2005 |
4. | Registered office address | 25th floor, P.J. Towers, Dalal Street, Fort, Mumbai 400 001 |
5. | Corporate address | 25th floor, P.J. Towers, Dalal Street, Fort, Mumbai 400 001 |
6. | vishal.bhat@bseindia.com | |
7. | Telephone | 022 22721233/4 |
8. | Website | www.bseindia.com |
9. | Financial year for which reporting is being done | FY 2023-2024 |
10. Name of the Stock Exchange(s) where shares are listed
Name of Exchange | Scrip Code |
National Stock Exchange (NSE) | BSE |
11. Paid-up Capital | Rs. 27,07,52,718 |
12. Name and contact details (telephone, email address) of the person who Mr. Kiran Patil
may be contacted in case of any queries on the BRSR report022-22728147 kiran.patil@bseindia.com13. Reporting boundary - Are the disclosures under this report made on a Standalone basis standalone basis (i.e. only for the entity) or on a consolidated basis (i.e. for
the entity and all the entities which form a part of its consolidated financial statements, taken together)
14. | Name of assurance provider | Not applicable |
15. | Type of assurance obtained | Not applicable |
Henceforth referred to as "BSE", "We", Company, or "BSE Ltd."
-
Products/services
16. Details of business activities (accounting for 90% of the turnover):
S r. Description of Main Activity | Description of Business Activity | % of Turnover of the entity | |
No. | |||
1 | Financial and insurance services | Other financial services | 100% |
97 | ANNUAL REPORT | 2023-2024 |
17. Products/Services sold by the entity (accounting for 90% of the entity's Turnover):
S. | Product/Service | NIC Code | % of total Turnover contributed |
No. | |||
1 | Securities Services | 66110 | 62 |
2 | Services to Corporates | 66110 | 34 |
3 | Data dissemination fees | 66110 | 4 |
Total | 100 | ||
III. Operations | |||||
18. Number of locations where plants and/or operations/offices | of the entity are situated: | ||||
Location | Number of plants | Number of offices | Total | ||
National | 0 | 28 | 28 | ||
International | 0 | 0 | 0 | ||
19. Markets served by the entity: | |||||
a. Number of locations | |||||
Locations | Number | ||||
National (No. of States) | 28 states and 8 Union Territories | ||||
International (No. of Countries) | Nil | ||||
- What is the contribution of exports as a percentage of the total turnover of the entity? 3%
-
A brief on types of customers
BSE is a capital market where savings and investments are channelled between suppliers and those requiring capital. BSE provides a secured, efficient and transparent platform for listing and trading in equity, currencies, debt instruments, derivatives, mutual funds and other securities as permitted by the regulator. BSE's Sensex serves as an economic barometer indicating financial growth of the country. Our customers are as below:
Companies listed on BSE exchange platform:
BSE serves as a market for selling and buying of securities of corporates, government, institutions etc. The companies/institutions who need to raise capital in their early stages / for expansion purpose, list and sell their securities to investors such as general public, financial institutions etc. through the platform provided by the stock exchange. Regulatory guidelines are followed while listing any company/ institution on the stock exchange. All the security dealings at the exchange are controlled as per rules and regulations laid down by the exchange and regulatory bodies.
Members/Brokers trading on the exchange platform:
These are licensed traders who are authorised to buy and sell securities on the exchange platform. Typically, members/brokers buy and sell securities on behalf of their end customers who could be general public, company, institution etc. The dealings of the members/ brokers are governed by the exchange as per rules and regulations laid down by the exchange and regulatory bodies.
Data Vendors:
BSE Information Products offers an extensive range of market data and reference data products (Real Time, Delayed, End of day, Historical) to a wide range of customers including Data Vendors, Charting Software Vendors, Algo Traders, Websites, Television Channels, Mobile app developers, Custodians etc.
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IV. Employees
20. Details as at the end of Financial Year:
a. Employees and workers (including differently abled):
Sr. | Particulars | Total (A) | Male | Female | |||||||||
No | |||||||||||||
No. (B) | % (B / A) | No. (C) | % (C / A) | ||||||||||
EMPLOYEES | |||||||||||||
1 | Permanent (D) | 518 | 378 | 72.97 | 140 | 27.03 | |||||||
2 | Other than Permanent (E) | 560 | 436 | 77.86 | 124 | 22.14 | |||||||
3 | Total employees (D + E) | 1078 | 814 | 75.51 | 264 | 24.49 | |||||||
WORKERS | |||||||||||||
4 | Permanent (F) | Nil | Nil | Nil | Nil | Nil | |||||||
5 | Other than Permanent (G) | Nil | Nil | Nil | Nil | Nil | |||||||
6 | Total workers (F + G) | Nil | Nil | Nil | Nil | Nil | |||||||
b. Differently abled Employees and workers: | |||||||||||||
Sr. | Particulars | Total (A) | Male | Female | |||||||||
No | |||||||||||||
No. (B) | % (B / A) | No. (C) | % (C / A) | ||||||||||
DIFFERENTLY ABLED EMPLOYEES | |||||||||||||
1 | Permanent (D) | Nil | Nil | Nil | Nil | ||||||||
2 | Other than Permanent (E) | Nil | Nil | Nil | Nil | ||||||||
3 | Total employees (D + E) | Nil | Nil | Nil | Nil | ||||||||
21. Participation/Inclusion/Representation of women | |||||||||||||
Total (A) | No. and percentage of Females | ||||||||||||
No. B | % (B / A) | ||||||||||||
Board of Directors | 9 | 2 | 22 | ||||||||||
Key Management Personnel | 12 | 2 | 17 | ||||||||||
22. Turnover rate for permanent employees and workers | |||||||||||||
FY - 2023-2024 | FY - 2022-2023 | FY - 2021-2022 | |||||||||||
(Turnover rate in current FY) | (Turnover rate in previous FY) | (Turnover rate in the year prior | |||||||||||
to previous FY) | |||||||||||||
Male | Female | Total | Male | Female | Total | Male | Female | Total | |||||
Permanent Employees | 14 | 20 | 16 | 15 | 19 | 16 | 15 | 17 | 15 | ||||
Permanent Workers | Nil | Nil | Nil | Nil | Nil | Nil | Nil | Nil | Nil | ||||
99 | ANNUAL REPORT | 2023-2024 |
- Holding, Subsidiary and Associate Companies (including joint ventures) 23. (a) Holding Subsidiary and Associate Companies (including joint ventures)
S. | Name of the holding / subsidiary / associate | Indicate whether | % of shares held | Does the entity indicated at column |
No. companies / joint ventures (A) | holding/ | by listed entity | A, participate in the Business | |
Subsidiary/ | Responsibility initiatives of the | |||
Associate/ Joint | listed entity? (Yes/No) | |||
Venture | ||||
1 | Indian Clearing Corporation Limited (ICCL) | Subsidiary | 100 | Yes* |
2 | BSE Investments Limited | Subsidiary | 100 | Yes* |
3 | BSE Institute Limited | Subsidiary | 100 | Yes* |
4 | BSE Technologies Private Limited (BTPL) | Subsidiary | 100 | Yes* |
5 | BFSI Sector Skill Council of India Limited | Associate | 48.78 | Yes* |
6 | BSE Administration and Supervision Limited (BASL) | Subsidiary | 100 | Yes* |
7 | BSE CSR Integrated Foundation | Subsidiary | 75 | Yes* |
8 | India International Clearing Corporation (IFSC) Limited | Subsidiary | 60.53 | No |
(India ICC) | ||||
9 | India International Exchange (IFSC) Limited ( India INX) | Subsidiary | 62.87 | No |
10 | Asia Index Private Limited | Joint Venture | 50 | No |
11 | Central Depository Services (India) Limited (CDSL) | Associate | 15 | No |
*Participation in the BRSR initiatives is done wherever feasible.
VI. CSR Details
24. (i) Whether CSR is applicable as per section 135 of Companies Act, 2013: (Yes/No) - Yes
- Turnover in lakhs (`): 1,02,098
- Net Worth in lakhs (`): 2,73,542
VII. Transparency and Disclosure Compliances
25. Complaints/Grievances on any of the principles (Principles 1 to 9) under the National Guidelines on Responsible Business Conduct:
Complaints/Grievances on any of the principles (Principles 1 to 9) under the National Guidelines on Responsible Business Conduct:
Stakeholder | Grievance Redressal Mechanism in Place (Yes/No) | FY 2023-2024 | FY 2022-2023 | ||||
group from | (If Yes, then provide web-link for grievance redress | ||||||
Number of | Number of | Remarks | Number of | Number of | Remarks | ||
whom complaint | policy) | ||||||
complaints | complaints | complaints | complaints | ||||
is received | |||||||
filed during | pending | filed during | pending | ||||
the year | resolution | the year | resolution | ||||
at close of | at close of | ||||||
the year | the year | ||||||
Communities | Yes.https://www.bseindia.com/static/about/contact_us.aspx | 10 | 4 | Nil | 3 | 1 | Nil |
Investors (other | Not Applicable | 0 | 0 | Nil | 0 | 0 | Nil |
than share holders) | |||||||
Shareholders | Yes | 55 | 0 | Nil | 7 | 0 | Nil |
https://www.bseindia.com/investor_relations.html | |||||||
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Complaints/Grievances on any of the principles (Principles 1 to 9) under the National Guidelines on Responsible Business Conduct:
Stakeholder | Grievance Redressal Mechanism in Place (Yes/No) |
group from | (If Yes, then provide web-link for grievance redress |
whom complaint | policy) |
is received |
FY 2023-2024 | FY 2022-2023 | ||||
Number of | Number of | Remarks | Number of | Number of | Remarks |
complaints | complaints | complaints | complaints | ||
filed during | pending | filed during | pending | ||
the year | resolution | the year | resolution | ||
at close of | at close of | ||||
the year | the year |
Employees and | Yes. The policy related to employee grievance redressal is | 3,114 | 0 | Nil | 3,685 | 0 | Nil |
workers | available on the internal portal of the company | ||||||
Customers* | Yes. | 2 | 2 | Nil | 0 | 0 | Nil |
https://www.bseindia.com/members.html | |||||||
Value Chain | Yes. The value chain partners can raise their concerns/ | 0 | 0 | Nil | 0 | 0 | Nil |
Partners | grievances with their respective relationship manager, point | ||||||
of contact or reporting manager | |||||||
Others (please | - | 0 | 0 | Nil | 0 | 0 | Nil |
specify) | |||||||
101 | ANNUAL REPORT | 2023-2024 |
Business Responsibility & Sustainability Report
102
26. Overview of the entity's material responsible business conduct issues
S. | Material issue identified | Indicate | Rationale for identifying the risk/ | In case of risk, approach to adapt or mitigate | Financial implications of |
No. | whether risk | opportunity | the risk or opportunity | ||
or opportunity | (Indicate positive or | ||||
(R/O) | negative implications) | ||||
1. | Data Privacy & Data Security | Risk | Protection of Classified Corporate Information / | BSE Ltd has established data privacy policy to manage | Negative |
Data from unauthorized access / use, unauthorized | the privacy of personal information collected, received, | ||||
Change / modification, unauthorized disruption / | processed, stored, dealt with or handled by the organization | ||||
destruction of information, unauthorized transfer | or on behalf of the organization and to establish and | ||||
on removable or any other media, unauthorized | implement necessary processes and controls to ensure the | ||||
deletion, and unauthorized disclosure, inspection | privacy of personal information handled by the organization | ||||
or recording. | or on behalf of the organization. BSE has 24X7 365 Days, | ||||
In this world of digitalization, cyber-attacks | Next Gen Cyber Security Operation Centre to monitor such | ||||
cyber alerts. Whenever there is an alert, BSE Next Gen SOC | |||||
have increased exponentially. This includes | team takes necessary action. | ||||
Ransomware attacks including sabotage to | |||||
computer systems. Reputational damage from | Regulatory Systems, Networks and Cyber Audits are | ||||
hacktivism (e.g. Maze attack). Unintended impacts | performed Bi-Annually. | ||||
from the use of cyberspace | Periodical training and awareness programs are conducted | ||||
Data Privacy is the right to have some control | |||||
by IT Security team for employees and contractual staff on | |||||
over how your personal information is collected, | cyber security. | ||||
used and shared. "Privacy encompasses the rights | General awareness in the form of computer screen savers | ||||
and obligations of individuals and organizations | |||||
with respect to the collection, use, disclosure and | on the importance of various cyber security measures, cyber | ||||
retention of personally identifiable information" | vigilance, non-sharing of confidential information etc. are | ||||
posted periodically. | |||||
2. | Business Continuity Risk | Risk | Any delay in achieving DR - RTO and RPO by | 1. Established process to implement all changes at Disaster | Negative |
organization could result into financial risk and | recovery as soon as it is implemented at Primary site. | ||||
business reputation. |
S. | Material issue identified | Indicate | Rationale for identifying the risk/ | In case of risk, approach to adapt or mitigate | Financial implications of |
No. | whether risk | opportunity | the risk or opportunity | ||
or opportunity | (Indicate positive or | ||||
(R/O) | negative implications) | ||||
10. | All BSE applications/systems can be accessed via | |||||||
multiple locations to perform Operations and monitoring. | ||||||||
Remote accessibility via secured connectivity. | ||||||||
11. | Well-planned DR & BCP yearly planner to ensure | |||||||
appropriate DR Mock & Live Testing including various | ||||||||
Business Continuity Scenarios (BCP) in alignment with | ||||||||
BCMS ISO 22301-2019 certification. | ||||||||
12. | Training & Awareness sessions scheduled at regular | |||||||
intervals to ensure competency of employees. | ||||||||
3. | Hardware/ Software | Risk | Any malfunctioning of critical hardware and | Hardware- | Negative | |||
Malfunction | software with higher down time could disrupt the | 1. | Hardware redundancy. | |||||
business operations. | 2. | Periodic upgradation of critical hardware resources. | ||||||
3. | Tracking of warranties and AMCs. | |||||||
4. | Ensuring proper system support environment for critical | |||||||
hardware resources. | ||||||||
5. | Additional stock of critical components. | |||||||
6. | SLAs with vendors and suppliers. | |||||||
7. | Proper capacity planning. | |||||||
Software- | ||||||||
103 | 1. | Ensuring proper documentation of Business requirement | ||||||
specifications. | ||||||||
2. | Thorough User Acceptance Testing (UAT). | |||||||
3. | Ensuring proper validation of software licenses. | |||||||
4. | Timely application of security and upgrade patches. | |||||||
5. | Proper implementation of security software. | |||||||
6. | Periodic review of access rights. | |||||||
7. | Proper capacity planning. | |||||||
8. | Maintenance of log and audit trail of changes made in | |||||||
software. | ||||||||
4. | Third-Party Risk | Risk | Absence or inappropriate oversight of critical | BSE has put in place effective control procedures to govern | Negative | |||
third-party IT vendor/ suppliers could impact | the third party personnel and vendors, during the selection, | |||||||
the company ability to achieve its objectives and | service and separation. | |||||||
ANNUAL | disrupt operations. | The vendor's reputation and service history, ability to serve | ||||||
during exigencies and ensuring regulatory compliances are | ||||||||
part of RFP/selection document and given due weightage | ||||||||
during selection and monitored during service delivery. | ||||||||
REPORT | ||||||||
The process of periodic vendor evaluation is in place to | ||||||||
proactively plug any issues which may impact operations. | ||||||||
There is no dependency on one particular vendor. | ||||||||
2023- | ||||||||
Certain items like desktops and laptops are kept in spare | ||||||||
which can take care of any immediate requirements. | ||||||||
2024 | ||||||||
We normally buy IT equipment with 4 to 5 years warranty | ||||||||
which is directly from the OEM. | ||||||||
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S. | Material issue identified | Indicate | Rationale for identifying the risk/ | In case of risk, approach to adapt or mitigate | Financial implications of |
No. | whether risk | opportunity | the risk or opportunity | ||
or opportunity | (Indicate positive or | ||||
(R/O) | negative implications) | ||||
5. | Outsourcing Risks | Risk | Risk arising from failure or delay in providing the | Vendor service level agreements are designed in a way | Negative |
services from outsourced partners/vendors and | to include regulatory compliance requirements, sufficient | ||||
high attrition of vendor staff could result into delay/ | resources in reserves on vendor side are ensured to meet | ||||
non-compliance with regulatory requirements. | exigencies or immediate requirements from regulators. | ||||
The monitoring of the outsourced functions are supervised | |||||
by BSE IT Management Team and vendor staff is stationed | |||||
at BSE premises only. | |||||
Once a vendor has been on-boarded, risk assessments are | |||||
performed to minimize any operational, regulatory, strategic, | |||||
cybersecurity and financial risk. These risk assessments are | |||||
carried out based on industry best standards, regulatory | |||||
and legal requirements. Vendors are required to handle and | |||||
secure the confidentiality, integrity and availability of the | |||||
organization's information. As part of vendor monitoring, SLA | |||||
monitoring, vendor performance management and periodic | |||||
review meetings are also conducted. | |||||
6. | Non-compliance with | Risk | Any instance of regulatory non-compliance | 1. Dedicated department which is responsible for SEBI | Negative |
applicable laws and | or receipt of notices from regulators/statutory | related compliance, corporate laws, Labour laws, Tax | |||
regulations | authorities could result into monetary penalty and | laws etc is established. | |||
reputational risk for company. | 2. Periodic review by SEBI prescribed Committee's | ||||
(Regulatory oversight committee). | |||||
3. Implementation of Legatrix Software to monitor | |||||
compliance to all laws. | |||||
4. Review by Internal audit department. | |||||
5. Secretarial Audit, Internal Audit and External audit. | |||||
6. Reporting to Audit committee. | |||||
7. | Physical building security | Risk | BSE is one of the few public institutions of | Bollards/Crash Barriers are installed at 5 approach points to | Negative |
national importance in India. It is synonymous with | prevent vehicle from reaching the BSE premises. No vehicles | ||||
development of capital markets and investments | (except essential services vehicles like Police, Cash Van, | ||||
in India. Considering its significance to the | Ambulance etc.) are permitted to enter BSE premises. The | ||||
economy and people of India, it was the BSE | BSE building is guarded by 4 levels of security including | ||||
building which was the first place of attack in the | BSE's personnel security and Mumbai Police. Periodical | ||||
1993 serial bomb blasts resulting in 84 casualties | joint mock drills are carried out by Mumbai Police, Special | ||||
and hundreds of injuries. Since then, BSE has | Commandos and SRPF along with BSE security guards. | ||||
continuously been on heightened risk of another | Decoy attempts are carried out by Mumbai Police to check | ||||
terror attack based on intelligence inputs. | alertness of BSE security guards. | ||||
8. | Investor Protection | Opportunity | We believe, investor education and awareness are | The grievances of investors against listed companies and | Positive |
the key to the wealth and financial wellbeing of the | BSE Trading Members are redressed by BSE. BSE also | ||||
investors. Protecting the interest of the investors | assists in the arbitration process both, between Trading | ||||
dealing in securities is one of the main objectives | Members inter-se and between Trading Members and | ||||
of BSE. The capital market can grow only when | non - Trading Members. With a view to ensure speedy and | ||||
investors find it safe for them to invest and they | effective resolution of claims, differences, and disputes | ||||
are assured that the rules governing the market | between Trading Members inter-se and between Trading | ||||
are fair and just to all the players. | Members and non - Trading Members, BSE has laid down | ||||
a set of procedures for arbitration thereof. These procedures | |||||
are duly embodied in the Rules, Byelaws and Regulations of | |||||
BSE, which have been duly approved by the Government of | |||||
India / Securities and Exchange Board of India (SEBI). | |||||
S. | Material issue identified | Indicate | Rationale for identifying the risk/ | In case of risk, approach to adapt or mitigate | Financial implications of | |||||
No. | whether risk | opportunity | the risk or opportunity | |||||||
or opportunity | (Indicate positive or | |||||||||
(R/O) | negative implications) | |||||||||
9. | Corporate | Social | Opportunity | BSE recognizes the importance of Corporate Social | - | Positive | ||||
responsibility | Responsibility as a corner stone of its business | |||||||||
philosophy. Through our unwavering commitment | ||||||||||
to CSR, we strive to make a meaningful impact on | ||||||||||
the society and the communities we operate in. | ||||||||||
10. | Net worth Adequacy, Liquidity | Risk | Inadequate Net worth and Liquidity may pose | BSE has to satisfy the Minimum Net worth requirements at all | Negative | |||||
and Credit Risk | Risk to continuity and survival of the organization. | times as mandated by the Securities Contracts (Regulation) | ||||||||
Excessive Credit Risk may result in value erosion | (Stock Exchanges and Clearing Corporations) Regulations, | |||||||||
of the Financial Assets of the Company. | 2018. This ensures the minimum capital Adequacy. | |||||||||
Additionally Investment book of BSE has well diversified | ||||||||||
highly rated good quality portfolio which avoids credit Risk | ||||||||||
and Liquidity Risks. | ||||||||||
11. | Critical | Skill, | Resource | Risk | The HR function needs to provide timely resources | With BSE's strong empanelment of headhunting and | Negative | |||
Management and Succession | with the required skill sets as well as retain the | recruiting agencies and subscription to job portals, talent | ||||||||
Planning | right talent. Failure to do so may cause productivity | acquisition process becomes objective and fast paced so | ||||||||
issues and affect the Organizational performance. | as to cater emerging skill requirements for businesses. | |||||||||
Robust Succession Planning strategy needs to | For entry level skills requirements, campus | hiring is | ||||||||
done by collaborating with various business | schools. | |||||||||
be in place to overcome the leadership vacuum | Apart from this BSE conducts various in house and external | |||||||||
situations anytime in the organization. | trainingprogramsfortheskilldevelopmentofexistingworkforce. | |||||||||
105 | There is succession policy in place which is approved by | |||||||||
Nomination and Remuneration committee. The attrition | ||||||||||
level details are presented to NRC and Board every quarter. | ||||||||||
BSE's strong retention strategies help to retain the key | ||||||||||
managerial personnel & senior position employees. | ||||||||||
12. | Market Resilience | Risk & | BSE stands to draw a larger pool of investors and | A resilient market diminishes the probability of abrupt | Positive & Negative | |||||
Opportunity | traders, thereby augmenting trading volumes | market downturns or disturbances, mitigating the potential | ||||||||
and transaction revenues. Confidence in the | for significant financial repercussions for both the exchange | |||||||||
exchanges' integrity and transparency fosters | and its participants. | |||||||||
increased market participation, driving revenue | ||||||||||
generation for the exchange. | ||||||||||
ANNUAL REPORT | ||||||||||
2023-2024 | ||||||||||
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BSE Ltd. published this content on 20 June 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 June 2024 09:51:05 UTC.