Nucleus Software among top 5 Indian firms for corporate governance

Nucleus Software Exports Limited (NSE: NUCLEUS, BSE: 531209), a leading global provider of integrated software products for banks and financial institutions, today announced that it has been ranked amongst the Top 5 Companies for Best Corporate Governance Practices in India by IR Global Rankings (IRGR). Globally well recognized and familiar to many NASDAQ listed Indian companies, this was a debut event exclusive for the Indian companies listed on NSE/BSE.

IR Global Rankings (“IRGR”) announced the 2011 Best Ranked Companies in India at The IR Summit - India, held in Mumbai on November 2, 2011. IRGR is a comprehensive ranking system for investor relations websites, online annual reports, corporate governance practices and financial disclosure procedures. The ranking is based on an extensive technical proprietary research of publicly traded companies through a clear and transparent methodology and is supported by key global institutions such as Arnold & Porter; KPMG; MZ and Sodali. The other companies that have been ranked amongst the Top 5 are Infosys, Kotak Mahindra Bank, Persistent Systems and Hindustan Unilever.

Mr. Vishnu R. Dusad, Chief Executive Officer and Managing Director, Nucleus Software Exports Limited said, “We are pleased to be recognized by IRGR for our efforts towards building and practicing good corporate governance practices. Being ranked amongst the top 5 companies in India shows our commitment to a strong governance philosophy based on transparency, trust, accountability and ethics. Our endeavor is not only to comply with the statutory requirements, but also voluntarily formulate and adhere to a set of strong corporate governance practices. Our investors’ and customers’ trust is extremely valuable to us, and this recognition, therefore, endorses our corporate governance framework and practices. ”