Mumbai, April 6 -- Securities and Exchange Board of India (SEBI) Chairman Tuhin Kanta Pandey on Monday emphasised that the future of corporate governance in India will depend less on regulatory expansion and more on the effectiveness of boardroom engagement and leadership quality.

Addressing the 19th Corporate Governance Summit organised by CII, Pandey said that while India has built a robust governance framework over the years, the next phase of evolution must focus on improving the quality of decision-making and participation within boardrooms.

"The effectiveness of governance will not be merely determined by how comprehensive our regulations are, or how detailed our disclosures become," Pandey said, underlining a shift away from rule...