SEBI to Form High-Level Committee on Conflict of Interest Disclosures

The Securities and Exchange Board of India (SEBI) has decided to constitute a High-Level Committee (HLC) to review and strengthen the regulatory framework concerning conflict of interest disclosures for its board members and officials. The committee will assess provisions related to property, investments, and liabilities, recommending improvements to enhance transparency and accountability. This initiative, announced in SEBI's board meeting on March 24, 2025, aims to address recent controversies and uphold the highest standards of governance. The HLC, comprising eminent experts from diverse sectors, is expected to submit its recommendations within three months. This move aligns with new SEBI Chairman Tuhin Kanta Pandey's commitment to improving trust and transparency in the regulator's operations.

 

Source: NSE, BSE, and SEBI Announcements