A high-level committee has finally exposed what remained hidden inside SEBI for 16 long years: a weak, legally dubious and unenforceable conflict-of-interest code that conveniently protected the market regulator’s top brass. Sucheta Dalal breaks down the committee’s findings, the privileges enjoyed by SEBI’s chairperson and whole-time members, and why the regulator failed to follow even its own standards while imposing strict norms on the rest of the market. Hosted on Acast. See acast.com/privacy for more information.

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