After the storm

NSE's CEO-designate has to address crisis of confidence at the bourse

The chief executive officer-designate of the National Stock Exchange (NSE), Ashish Kumar Chauhan, takes over in challenging circumstances. The reputation of one of the world’s largest stock exchanges is under deep scrutiny. Former CEO Chitra Ramkrishna, another senior NSE officer Anand Subramanian, and even former Mumbai police commissioner Sanjay Pandey have been arrested in connection with two cases, one of which is the so-called “co-location”, or “NSE algo”, case. The Securities and Exchange Board of India (Sebi) has passed strictures and imposed fines on multiple NSE employees in that affair.

Another set of stunning revelations indicates corporate governance completely broke down