Partner Harish Kumar and Associate Deekhit Bhattacharya have recently authored a comprehensive article titled, ‘Conflict of Interest: Perspectives on an Evolving Frontier of Corporate Governance’.
The article delves into the increasingly critical issue of conflict of interest within corporate governance frameworks in India. Prompted by recent regulatory actions and judicial commentary- including SEBI’s strong stance in the Gensol Engineering Limited case, this article explores the evolving legal and regulatory landscape, directors’ fiduciary duties, implications under the Companies Act and SEBI regulations, and the broader impact on boardroom practices. It also examines mechanisms such as disclosure requirements, independent director obligations, and the intersection with insider trading and unfair trade practices.
