Sebi Takes a Stand Against Conflicts of Interest

The Securities and Exchange Board of India (Sebi) is setting up a high-level committee to thoroughly review and update the conflict-of-interest provisions for its members. This initiative, led by new chairman Tuhin Kanta Pandey, aims to enhance transparency and accountability within the organization.

Why Now?

Chairman Pandey emphasized the timeliness of this review, stating, "Why not now?" He clarified that this move is not an admission of past failures but a proactive step to strengthen Sebi's integrity. The committee, comprising experts from various sectors, will operate independently, with Sebi providing only secretarial support.

Building Trust Through Transparency

The committee's recommendations, expected within three months, will focus on refining disclosure norms and exploring recusal mechanisms for officials in conflict situations. This effort underscores Sebi's commitment to maintaining high standards of ethical conduct and transparency in its operations.