Forget Just Profits! BSE Chief Wants us to Look Beyond Numbers at Companies
Posted by : Yashpal Arora | Sun Dec 17 2023
BSE Chief Urges Focus on Company Values, Not Just Profits
The top regulator at India’s biggest stock exchange, BSE, says there’s more to a company than just how much money it makes.
Kamala Kantharaj wants us to consider things like how good it is to its employees, the environment, and society as a whole.
Right now, everyone, from investors to news outlets, obsesses over a company’s quarterly profits.
This can lead to companies cutting corners or focusing on short-term gains over long-term health. BSE chief says this isn’t good for anyone.
What She Said:
- “Companies are so focused on showing good numbers every quarter, that they forget about everything else,” Kantharaj explained. “It’s okay to not always do well!”
- She also said companies shouldn’t worry so much about their stock price. “If a company is doing well overall, the investors will take care of themselves.”
- Instead of just looking at profits, Kantharaj wants us to consider things like:
- How a company treats its workers: Are they paid fairly? Do they have good benefits and working conditions?
- How a company impacts the environment: Does it pollute? Does it use resources sustainably?
- How does a company help its community: Does it give back? Does it support local businesses and organizations?
If we start looking at companies in this way, it could lead to a lot of positive changes.
Companies might be more likely to:
Invest in things like employee training and environmental protection, even if it means lower profits in the short term.
Be more honest and transparent about their practices.
Focus on building a strong reputation and long-term relationships with customers, employees, and communities.
Conclusion
When evaluating a company’s success, it’s important to take a holistic approach and not just focus on its financial performance. This means considering all the elements that contribute to a company’s greatness, such as its commitment to social responsibility and sustainability.
By doing so, we can work towards building a more fair and environmentally conscious economy that benefits everyone. Kantharaj’s message highlights this point and reminds us to look beyond just the financial aspect of a company.
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