Sebi to Set Up Panel to Review Disclosure Norms for Board Officials

STUNG by the controversy over the alleged conflict of interest of its previous chief, the capital market regulator Securities and Exchange Board of India (SEBI) has constituted a high-level committee to review and fortify the public disclosure mechanism for its top officials so that there are no conflict of interest issues.

- BENN KOCHUVEEDAN @ Mumbai

The announcement came after the first Sebi board meeting under its chairman Tuhin Kanta Pandey on Monday.

Indirectly admitting that there is trust deficit within Sebi and among its stakeholders following the alleged failures of his predecessor Madhabi Puri Buch, Pandey said "there is a need to build trust in the institutions and by the stakeholders and the setting up of the high-level panel will go a long way in building that."