SEBI's new chairman, Tuhin Kanta Pandey, has openly acknowledged a serious lapse in transparency standards—an admission that starkly contrasts with past denials. In this powerful commentary, Sucheta Dalal breaks down the urgency of reforming SEBI’s outdated and voluntary conflict of interest code.
She argues that the High-Level Committee (HLC) must go beyond a cosmetic fix and set new benchmarks for all Indian regulators—from fixed tenures and cooling-off periods to blind trusts and broader definitions of conflicts.
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