"Clearly it is good to have a system in place which lets you know what is the right time to make announcement.... whether its premature or not," Damodaran said on the sidelines of a CII conference on corporate governance.
"Standards are required," the SEBI chief said when asked whether there was a need for a mechanism to determine the timing and veracity of announcements.
He said even as the DGH has a system to determine when to make an announcement on discoveries it was working with SEBI on how to relate it to capital markets.