SEBI said, “HLC will widely review and make recommendations to increase the existing framework for interest, revelations and management of related matters, which are to ensure transparency, accountability and high standards of moral conduct of board members and officers.” , Photo Credit: Reuters
The Securities and Exchange Board of India (SEBI) has formed a high-level committee (HLC) to review the conflict of interest between employees and employees of securities market regulators in the last month.
SEBI said, “HLC will widely review and make recommendations to increase the existing framework for interest, revelations and management of related matters, which are to ensure transparency, accountability and high standards of moral conduct of board members and officers.”
The committee will be chaired by former Chief Vigilance Commissioner Pratush Sinha. The committee will consist of several high ranking retired bureaucrats, including Enejit Srinivas, former Secretary in the Ministry of Corporate Affairs, G. Mahalingam, East of SEBI members and Sarit Jafa, former Deputy Superintendent and Auditor General. Apart from bureaucrats, Kotak Mahindra Bank founder Uday Kotak and former Professor of IIM Bangalore R at HLC. Narayanaswamy is also involved.
Conditions of HLC’s context include reviewing existing policies and identifying gaps, reducing the conflict of interest, recommending a strong structure to reduce and manage the conflict of interest.
Published – 09 April, 2025 08:37 pm IST
