Sebi chairperson Tuhin Kanta Pandey called for a fundamental shift in how independent directors function, stating that boardroom independence in India is often procedural and lacks effective oversight. He emphasized the need for boards to move beyond compliance and foster diverse perspectives and constructive dissent, focusing on improving the quality of board engagement rather than adding new regulations.
JP Morgan moving closer to $1 trillion market value milestone
JPMorgan is approaching a $1 trillion market valuation after record profits and a strong share rally. Robust investment banking, diversified operations and investor confidence in