New Delhi, April 6 -- The current framework for disclosures and the maintenance of corporate governance standards remain centered on the active responsibility of independent directors and company management, said SEBI Chairman Tuhin Kanta Pandey.

Speaking to the media on the sidelines of the CII 19th Corporate Governance Summit in Mumbai, he noted that while regulations provide the necessary structure, the quality of governance is determined by the capability and diligence of those overseeing the process.

Pandey emphasized that the trust of shareholders and customers fluctuates based on how a company handles its internal insights and risk management. He pointed out that the regulator monitors financials and governance practices, but the...