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SEBI Chair Redefines Independent Directors as Accountability Stewards

At the Annual Directors’ Conclave in New Delhi, he said corporate boards must adopt a culture-led approach that prioritizes diversity, dissent, real-time oversight, organisational values

Overview

  • Pandey insisted independent directors must be treated as active guardians of board accountability rather than honorary appointees or friendly critics.
  • He warned that governance faces its true test when crises hit, calling on boards to move beyond static compliance packs and engage more deeply with organisational culture signals.
  • Pandey advocated for boards to draw talent from diverse sectors, regions, generations and cognitive backgrounds to encourage dissent and enrich decision-making.
  • He urged directors to build fluency in emerging risks including AI governance, cyber threats and ESG disclosures to strengthen strategic oversight.
  • He called on companies to implement RegTech tools and real-time dashboards for proactive governance intelligence in place of voluminous PDF reports.