SEBI Chief Warns: Governance Crucial as India's Market Booms, Investors Triple

• SEBI Chairman Tuhin Kanta Pandey emphasizes governance as non-negotiable for India's booming capital markets.
• Market capitalization crossed Rs 470 trillion, and investors tripled to 13.7 crore, increasing intolerance for governance failures.
• Markets can absorb business risk but not governance uncertainty; lapses erode trust and have amplified consequences.
• Boards and independent directors must function effectively, and committees must be genuine oversight forums.
• SEBI has strengthened disclosure rules, compliance officer roles, and approved new IPO disclosure measures.

Why It Matters: India's rapidly growing capital markets demand robust governance to maintain investor trust and sustainable growth.