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Strengthen governance at MIIs: Sebi chief to public interest directors

Business Standard

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October 16, 2025

Tuhin Kanta Pandey, chairman of the Securities and Exchange Board of India (Sebi), on Wednesday urged public interest directors (PIDs) at market infrastructure institutions (MIls) to move from traditional oversight to strategic stewardship.

- BS REPORTER

Speaking at the Public Interest Directors Conclave, the Sebi chairman said that the role of PIDs will increase in significance and will also be under increased scrutiny.

Pandey emphasised that the larger objective of maintaining safety, efficiency, and financial stability in the financial sector must not be overshadowed by commercial interests of an MII — stock exchanges, clearing bodies and depositories.

MEER VERHALEN VAN Business Standard

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