Sebi Urges Independent Directors to Adopt 'Constructive Approach'

• Sebi chairman Tuhim Kanta Pandey emphasized the crucial role of independent directors in a company's affairs.
• Pandey stressed the need for a 'constructive approach' from independent directors, going beyond mere compliance.
• The comments followed the resignation of Atanu Chakraborty from HDFC Bank, which impacted investor wealth.
• Independent directors should support and find solutions through accountability, not just point fingers at management.
• Sebi plans a joint initiative with stakeholders for capacity building among independent directors to improve corporate governance.