Sebi board to reveal 'conflicts of interest' to public: Pandey

The Securities and Exchange Board of India (Sebi) will soon make public disclosures on "conflicts of interest" of its board to ensure transparency and build trust in the market, Chairman Tuhin Kanta Pandey said on Friday.

- KHUSHBOO TIWARI

In his first public address since taking charge of Sebi, Pandey emphasised the need for trust and transparency for all stakeholders. His predecessor, Madhabi Puri Buch, had come under scanner for alleged holdings in offshore funds and a stake in an advisory firm, raising questions about Sebi's objectivity.

"I think the trust and transparency extends to Sebi itself...I think we need to be more transparent, including on various other measures, for example, on the conflict of interest of the board and so on. And we will be coming forward with our own plan to further transparently reveal these conflicts of interests, etc. to the public," Pandey said at a summit by MoneyControl. These comments, however, were not part of the speech copy uploaded on Sebi's website.