TSE Says Will Tighten Policy on Corporate Governance

Come April companies listed at the Tehran Stock Exchange and Iran Fara Bourse will be rated in terms of their adaptability to corporate governance, the TSE' chief said. 
"Companies must uphold corporate governance rules. Deficiencies in respecting the rights of shareholders is seen as a major challenge in Iran's capital market," Mahmoud Goudarzi was quoted as saying on Sunday.
He provided no details about the TSE plan of action ostensibly slated for the coming Iranian new year that begins in late March. 
"Our aim is delegate more authority to regional stock exchanges, as they only offer primary services to investors," Goudarzi said.