SEBI, NISM and IICA sign MoU to ACG, ESG and Capital Markets

• 22 May 2026
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To advance corporate governance, environmental, social and governance (ESG) and capital markets in India, the National Institute of Securities Markets (NISM) established by the Securities and Exchange Board of India and Indian Institute of Corporate Affairs (IICA) under Ministry of Corporate Affairs, inked a Memorandum of Understanding (MoU) on 19 May 2026 at Mumbai, Maharashtra.

Under the MoU, the two institutions shall collaboratively create as well as deliver capacity building programmes, certification courses, executive education modules and training programmes, including for SEBI officers and officials belonging to other regulatory/financial sector institutions.

Key Officials at MoU signing Ceremony

The MoU signing ceremony was graced by SEBI Chairman Shri Tuhin Kanta Pandey. He mentioned that building a performance-driven corporate governance ecosystem is essential as it would enable MSME access to capital markets. Further, he said it would strengthen sustainability disclosures and foster evidence-based research in the rising regulatory domains.  

This collaboration was planned by Shri Gyaneshwar Kumar Singh, Director General & CEO of IICA. He has helped IICA work on corporate governance, ESG and responsible business. These work areas support India’s development goals.

The MoU signing ceremony also had the presence of Shri Sashi Krishnan, Director of NISM. The agreement was signed by Ms. Yogita Jadhav, Registrar of NISM, for NISM and by Dr. Garima Dadhich, Head of the School of Business Environment at IICA, for IICA. 

Long-term Strategic Collaboration 

This MoU is an agreement between two institutions to work together for a long time rather than a short, temporary one. They will share knowledge, build skills, do research and support policies in areas like the following: securities market, sustainability and ESG reporting. They will also work on Business Responsibility and Sustainability Reporting (BRSR) in a collaborative manner.

What’s more, they will also focus on topics like insolvency, investor education, valuation, responsible investing, sustainable finance, good board management, market fairness, MSMEs and new rules.

Joint Activities and Future Goals

Both institutions of the Indian government will work together on research, policy studies, course design and sharing best practices. They will also organise conferences, exchange teachers and publish work together. This partnership between the NISM and IICA is certainly an important step to create a fair, inclusive and knowledge-based system for India’s securities market as well as the corporate sector. It is anticipated that many stakeholders will benefit from this move.

Source: Press Information Bureau (PIB)