A high-level committee set up by the Securities and Exchange Board of India (Sebi) has recommended an overhaul of the regulator's conflict-of-interest, disclosure and ethics framework, aimed at strengthening governance standards and transparency within the institution.

The committee has proposed that candidates for the roles of Sebi chairman, whole-time member (WTM), and other lateral entrants make pre-appointment disclosures of all actual, potential and perceived conflicts of interest, both financial and non-financial, to the appointing authority. The goal is to strengthen transparency at the appointment stage itself and ensure that individuals with personal, professional or financial entanglements that could compromise decision-making are identified in advance. Advertisement

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