Neutral impactEconomy
SEBI may keep independent director workshops voluntary
BusinessLine 1 hr ago·2 Oct 2026, 1:46 pm
The Securities and Exchange Board of India (SEBI) is reviewing its plan to make workshops for independent directors mandatory. The first batch, originally slated for October, is now likely to be postponed until after Diwali as the Board of Certification for Auditors and Statutory Auditors (BCAS), the National Institute of Securities Markets (NISM) and the stock exchanges work out a detailed framework. By keeping the training voluntary, SEBI signals that it wants the industry to shape the curriculum before imposing a compulsory rule.
For investors, the move matters because independent directors play a key role in corporate oversight and governance. Voluntary participation could lead to uneven adoption, potentially affecting the quality of board oversight across listed companies. Market participants should watch for SEBI’s final notification, the timeline for any mandatory rollout, and any guidance released by BCAS, NISM or the exchanges, as these will shape how quickly companies upgrade director expertise.
Excerpt from BusinessLine
The Securities and Exchange Board of India (SEBI) is likely to keep the proposed training workshops for independent directors voluntary, a shift from its earlier plan to make participation mandatory and potentially link it to their reappointment, people aware of the discussions said. The first workshop, earlier…Read the original at BusinessLine
Key takeaways
- Category: Economy.
- Assessed as a significant, market-relevant update.
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