Yes, we suffered from this negative perception in the past. Prima facie, there is nothing wrong in having brokers as a part of the governing body as they alone can understand and appreciate the problems. What I have done is to separate policy making from administration. This is the first step and with implementation of ethical standards things should improve further. Not at all.
Every body wants to be a part of a successful team.
When I outlined my plans to improve operations of BSE and increase volumes, staff and other members of the exchange enthusiastically supported me. You were a high ranking official in Indian Rayon who quit corporate world to start a broking business. My stint with Indian Rayon had taught me dynamics of organizational behavior. There have been rumors about the BSE's strained relations with NSE, SEBI and other regulatory. None at all.