To maintain financial stability, it is necessary to stop failures in corporate governance: Tuhin Kant Pandey

Mumbai, April 17 (IANS). Sebi chairman Tuhin Kant Pandey said on Thursday that businesses should ensure high management standards, as any failure could have a widespread impact on the market economy. The CII corporate management head, the market regulator said it is necessary to stop corporate governance failures to maintain financial stability. He said Sebi would continue to expect high standards for management, but that true and permanent changes should come within the corporate boardroom. Pandey said that Sebi, to ensure transparency in the market, issued instructions to release information from time to time, such as share patterns, compliance with corporate management requirements on a quarterly basis, financial results and fund movement, etc. He said: “Our goal is to create self -regulatory environment by disclosing the information. Improve the activities of the industry, reporting, procedures and improve the operational efficiency of entrepreneurship. Sebi chief said:” We know that more regulations can hinder development and innovation. Also, very low regulation can reduce the confidence of stakeholders and adversely affect the development. Therefore there is a need to maintain balance. “-Inans SKT/CBT