Sebi to disclose conflict of interest

Chairman says he looks forward to engage with stakeholders on voluntary compliances

- ENS ECONOMIC BUREAU @ Mumbai

UNDERSCORING the importance of trust and transparency, new Sebi chief Tuhin Kanta Pandey on Friday said proper disclosures are important and promised that Sebi will now onwards reveal conflict of interests of its employees in general and that of the board members in particular.

The statement, the first since Pandey assumed office last Saturday, assumes importance as his predecessor Madabhi Puri Buch's final months got mired in a litany of controversies, including that of conflict of interests and alleged favouritism to some companies where her husband Dhaval had commercial relationships and of lack of disclosures about her private investments and other income.