Mumbai: Sebi chief Tuhin Kanta Pandey on Friday said there is a need to redefine the role of independent directors.
"We cannot continue to view them as honorary appointees or friendly critics. They must be viewed and treated as stewards of accountability," Pandey said while addressing the 2025 Annual Directors' Conclave.
He said this requires change on multiple fronts.
"Independent directors must feel free to dissent. To question, if the information is not robust," the Sebi chairman said.
"Because a board that never disagrees is not aligned - it's asleep. Divergent views, when rooted in purpose and mutual respect, strengthens the board."
He said that although several directors are highly qualified, they are unfamiliar with emerging risks such as AI governance, cyber threats, or ESG disclosures.
"We cannot continue to view them as honorary appointees or friendly critics. They must be viewed and treated as stewards of accountability," Pandey said while addressing the 2025 Annual Directors' Conclave.
He said this requires change on multiple fronts.
"Independent directors must feel free to dissent. To question, if the information is not robust," the Sebi chairman said.
"Because a board that never disagrees is not aligned - it's asleep. Divergent views, when rooted in purpose and mutual respect, strengthens the board."
He said that although several directors are highly qualified, they are unfamiliar with emerging risks such as AI governance, cyber threats, or ESG disclosures.