Why Sebi Set Up Panel to Revise Conflict of Interest Norms

To strengthen governance standards, the Securities and Exchange Board of India (Sebi) has constituted a high-level committee to review and enhance its conflict of interest and disclosure framework for board members and senior officials.

- Neha Joshi

Mint breaks down what the committee is tasked with, the rationale behind its formation, and what it could mean for the future of transparency at Sebi.

What is the committee's mandate?

According to Sebi, the committee has been set up to undertake a "comprehensive review of the provisions relating to conflict of interest, and disclosures pertaining to property, investments, and liabilities" concerning the members and officials of the Sebi board.

The aim is to ensure high standards of transparency, ethical conduct, and accountability within the regulator. The panel is expected to submit its report within three months of its formation.

It comprises experts from various fields, including Pratyush Sinha, former chief vigilance commissioner, as chairperson, Injeti Srinivas, former corporate affairs secretary, and Uday Kotak, founder of Kotak Mahindra Bank.

What will the committee review?