Take consultants on roll or foreclose contracts, says NSE pay panel

Move follows advisor to ex-MD Chitra Ramkrishna foreclosing his own contract without citing reason

The Nomination and Remuneration Committee (NRC) of the National Stock Exchange (NSE) has asked the bourse to absorb consultants as employees based on criteria such as requirements and suitability or end their contracts at the earliest. The direction was given by the newly constituted four-member NRC in November. The move could have an impact on the contracts of the consultants currently engaged by the bourse and how it deals with the work of such nature in the future. Some contracts have been foreclosed after this, according to people in the know.

“The Nomination and Remuneration Committee of our Board