Disclosure and corporate governance norms require exchanges and clearing corporations to report resources, evaluations, and board accountability publicly. Recognised stock exchanges and recognised clearing corporations must apply listed company disclosure and governance norms, with half yearly board confirmation of compliance; disclose regulatory resources in the section 134 report using activity based accounting; place fees and charges before the Oversight Committee; conduct annual internal and periodic independent external performance evaluations of the entity and its statutory committees; publish agendas and approved minutes for regulatory, compliance, risk management and investor grievance board items on their websites; and subject directors or key management personnel who fail to report known wrongdoing to regulatory action after a hearing.