SEBI Chief Stresses Board Accountability for Disclosures & Corporate Governance

• SEBI Chairman Tuhin Kanta Pandey emphasized the active responsibility of independent directors and company management for disclosures and corporate governance.
• Pandey highlighted that while regulations provide structure, the quality of governance depends on the capability and diligence of those overseeing the process.
• He stated that shareholder and customer trust is influenced by how a company handles internal insights and risk management.
• The SEBI chief stressed that the primary duty of ensuring transparency lies within the board, advocating for constructive discussions on developments.
• Pandey used a university degree analogy to explain that regulations alone don't guarantee quality, underscoring the need for continuous improvement beyond mere compliance.