Emphasis on the institutional governance and transparency of the stock market: CEO Chapagai

चैत्र २०, २०८१

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Emphasis on the institutional governance and transparency of the stock market: CEO Chapagai

Chief Executive Officer (CEO) of Nepal Stock Exchange (NEPSE) Chudamani Chapagain has said that he will emphasize on the institutional governance and transparency of the secondary market. After assuming charge of NEPSE, he told Chapagai to increase the use of technology in share trading and conduct a wide awareness program for investors.

Investors' confidence seems to have decreased due to lack of awareness. The most suitable way to increase their confidence is to increase literacy, we are working on it,' he said, 'By doing this, the confidence of investors will increase, it will increase the share trading and it will give positive support to the overall economy.' The newly appointed Chapagai received the appointment letter on Tuesday.

The selection committee selected Chapagai, Purnaprasad Acharya, Batiriprasad Pyakurel and Hemant Basyal in the first stage out of 10 applications for the post. Among them, the names of three people were recommended and the Cabinet appointed Chapagai.

The Ministry of Finance formed a selection committee three weeks ago to select the CEO of NEPSE. According to the decision of the Deputy Prime Minister and Minister of Finance, the committee formed under the coordination of Joint Secretary Pokharel had Amrit Lamsal, Joint Secretary of the Ministry of Finance, and Khomraj Kharel as expert members. 

After the tenure of the then CEO Krishna Bahadur Karki, the post of CEO of NEPSE was vacant since January 25.

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