IANS New Delhi

SEBI Chairman Tuhin Kanta Pandey on Thursday said corporates must ensure high governance standards as any failure can trigger ripple effects across the market economy.  Addressing the CII Corporate Governance Summit here, the market regulator chief said that preventing failures in corporate governance is essential for maintaining financial stability.

He highlighted that the SEBI will continue to expect a higher bar on governance, but true and lasting change must come from within the corporate boardrooms. Pandey noted that to ensure transparency in the market, the SEBI has specified periodic disclosures of certain information, such as quarterly disclosure of shareholding pattern, compliance with corporate governance requirements, financial results, and the movement of funds.

"By mandating disclosures, board structures and oversight mechanisms, we aim to create a self-regulating environment that encourages ethical and responsible corporate behaviour," he said. The SEBI chief emphasised the need for industry to adopt Reg Tech solutions to improve compliance, reporting, streamlining processes and improving operational efficiency of enterprises.