Securities and Exchange Board of India (SEBI) Chairman Tuhin Kanta Pandey has pledged to tackle disclosure gaps head-on, acknowledging that virtually no public disclosure existed for SEBI’s leadership before his tenure.
Key Concerns & Regulatory Actions
- Pandey highlighted that SEBI’s conflict-of-interest framework lacked transparency, failing to meet minimal expectations.
- The regulator has now set up an independent committee to review conflict-of-interest policies and propose a structured disclosure framework.
- The move follows allegations against former SEBI Chairperson Madhabi Puri Buch, who faced scrutiny over offshore investments linked to Adani Group associates.
Market Reaction & Governance Reforms
- SEBI aims to restore investor confidence by ensuring clear recusal guidelines for board members.
- The regulator is also strengthening surveillance mechanisms to prevent corporate governance lapses.
Future Outlook & Policy Changes
Pandey emphasized that transparency and accountability will be central to SEBI’s operations, ensuring market integrity and investor trust.
For more updates on financial regulations and corporate governance, stay tuned!
