Independent directors must act responsibly: Sebi chief

Sebi Chairman Tuhin Kanta Pandey emphasized that independent directors must act responsibly and avoid vague insinuations, following Atanu Chakraborty’s resignation from HDFC Bank. Chakraborty cited “happenings and practices” not aligning with his values, leading to a significant drop in the bank’s stock value. Pandey stressed the need for clear documentation of ethical concerns in meeting minutes.