NISM chair professorships

I read that the National Institute of Securities Markets, which has been promoted by SEBI and has a collaboration now with Sterns School of Business NYU, is planning to offer 25 chair professorships.

The composition of the search committee is interesting. Neither the director nor the chairman of the board heads the committee- the chairman is M G Bhide, formerly of Bank of India and National Institute of Bank Management. The sole representative of the Institute on the search committee is director G Sethu. All the others are eminent professionals from outside. In governance terms, NISM certainly has made a very good start.