Business Ethics and Corporate Governance, Second Edition

Chapter 22

 

1. Insider trading implies trading in the scrip of a company by such a person who is closely associated with it and has access to unpublished price-sensitive information. Front running is indulged in by brokers. On being advised by institutions to execute bulk orders (buy or sell) that have the potential to push the market price (up or down), the brokers make deals in advance of institution orders and make profits for themselves.

2. Speech on “Corporate Governance and Development: Why it Matters?” by G. N.Bajpai, Chairman, SEBI.

3. Ibid. At the meeting of “Global Corporate Governance Forum” held on 4 November 2003 in Paris.

4. Bharat’s Manual of SEBI, Act, Rules, Regulations, Guidelines, Circulars, etc. September 2003.

5. This quote ...