As part of his speech at the Venture Intelligence APEX'13 Awards, Ashish Chauhan, CEO, Bombay Stock Exchange, described how PE/VC investors were like the mythological character Abhimanyu who knew "how to enter (the Chakra Vyuh ), but not to exit". He suggested that they could, at time of their investment into an SME company, insist the company list on the BSE's SME Stock Exchange. "Then, you can create an exit (route) at the time of the entry itself," Mr.Chauhan said. The added benefit is that the various governance related provisions that investors desire - from declaration of financial results, etc - is ensured by the exchange and enforced by SEBI and other regulatory agencies. "Protection of minority rights - i.e., ensuring corporate democracy - is the primary job of the exchange. If the majority owner takes away most of the profits and shares only the losses with the minority, then the faith in the public markets will collapse,”...