“Listing of NGOs in social stock exchange will promote transparency: Sudha Murty”

Editor’s note: The Hindu posted the above-titled article, which reads in part as follows:

“The Union Budget proposal to set up a social stock exchange may do good to the country’s social entrepreneurship and social innovation landscape as public listings usually promote reliability, accountability and transparency, says Infosys Foundation chairperson Sudha Murty.

In a conversation with The Hindu, she said that though the country has been witnessing a mushrooming of NGOs and social enterprises, especially after the government made a 2% corporate social responsibility spend mandatory in 2014, there are no proper statistics available on who is doing what, the size of fund allocations, and actual deliveries on the ground.

When asked if Infosys Foundation has looked at a listing on the proposed social stock exchange, she said, ‘I do not know now. It is something that our board has to look at. We are an ethical and transparent organisation and we believe in complete transparency and disclosure.’”

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