Related News

Eakarat Buanoi | Istock | Getty Images A group of prominent figures, including artificial intelligence and technology experts, has called for an end to efforts to create ‘superintelligence’ — a

Audrey Nuna, EJAE and Rei Ami attend the KPop Demon Hunters Special Screening at Netflix Tudum Theater on June 16, 2025 in Los Angeles, California., U.S. Charley Gallay | Getty

Mark Zuckerberg, chief executive officer of Meta Platforms Inc., during the Meta Connect event in Menlo Park, California, US, on Wednesday, Sept. 17, 2025. David Paul Morris | Bloomberg |

Satya Nadella, CEO of Microsoft, speaking on CNBC’s “Squawk Box” outside the World Economic Forum in Davos, Switzerland, on Jan. 22, 2025. Gerry Miller | CNBC Microsoft CEO Satya Nadella

Cheng Xin | Getty Images News | Getty Images DraftKings is acquiring predictions platform Railbird as it prepares to launch a mobile platform in the coming months to be called

Warner Bros. Discovery has signaled that it may be open to a sale of its business just months after announcing plans to split into two companies. In an announcement Tuesday,

Trending News

In today’s digital age, the opportunity to make money online without any initial investment is more accessible than ever before. Whether you’re a student looking to earn some pocket money,

In today’s digital world, make money online has become a dream many want to turn into reality. Whether you’re looking for a side hustle or aiming to build a full-time

JSW Cement, the building materials arm of Sajjan Jindal-led JSW Group, has reduced the size of its upcoming initial public offering (IPO) to Rs 3,600 crore and will open the

The agricultural Gross Value Added (GVA) growth is expected to moderate to 4.5% in the first quarter of FY26, down from 5.4% in the preceding quarter, according to a report

Foreign portfolio investors (FPIs) turned net sellers in the Indian equity market in July, pulling out Rs 17,741 crore amid rising global trade tensions. According to data from NSDL, this

Avenue Capital Group-backed Asset Reconstruction Company (India) Ltd (ARCIL) has filed its draft red herring prospectus (DRHP) with markets regulator Sebi on Friday to raise funds through an initial public

‘Treat independent directors as stewards of accountability’

Word Count: 687 | Estimated Reading Time: 4 minutes


'Treat independent directors as stewards of accountability'

NEW DELHI: There is a need to redefine the role of independent directors, and company boards must treat them as “stewards of accountability” and not as honorary appointees, Sebi chairman Tuhin Kanta Pandey said on Friday. He called on boards to equip themselves to meet the challenges of the future.“They must be viewed and treated as stewards of accountability,” Pandey said in his address at the Institute of Directors’ 35th Annual Directors Conclave in national capital. He highlighted three changes that are required, which include the selection of independent directors, orientation, and psychological safety.On the issue of selection, the Sebi chief urged companies to move beyond familiar networks and known circles and draw from diverse experiences, different sectors, younger professionals, and regional voices. He said many directors are highly qualified but unfamiliar with emerging AI governance, cyber threats, or ESG disclosures. He asserted that orientation should be ongoing and not just a one-time induction.Pandey said the most important change was psychological safety, and independent directors must feel free to dissent and question if the information is not robust. “Because a board that never disagrees is not aligned, it’s asleep. Divergent views, when rooted in purpose and mutual respect, strengthen the board. They test assumptions, lead to deeper discussions, and constructive decision-making,” said the Sebi chairman.Apart from redefining the role of independent directors, Pandey also highlighted other shifts that are required for company boards to meet future challenges. He identified moving from compliance to culture, embracing technology for smarter governance, diversity beyond demographics, and reimagining the board of the future.“Now, let’s take a moment and reimagine the boardroom of the future. It’s not a ceremonial forum, but a learning organisation,” said Pandey. “It doesn’t just protect company value; it creates long-term stakeholder trust. It doesn’t avoid the uncomfortable questions; it insists on them to open up the blind spots, and it understands that its duty is not just to the promoter or the quarterly target but to the integrity of the institution,” said the Sebi chief.





Source link

Most Popular Articles