<ul data-eligibleForWebStory="false"><li>SEBI is considering revising its governance norms for Market Infrastructure Institutions (MIIs) following objections from leading stock exchanges.</li><li>Stock exchanges have raised concerns about SEBI's proposal to appoint two Executive Directors as key managerial personnel with a dual reporting structure, potentially blurring accountability and reducing the managing director's authority.</li><li>Critics argue that the lack of clarity on the roles and reporting responsibilities of the Executive Directors could disrupt the current leadership structure within MIIs.</li><li>SEBI's proposed governance model aims to enhance executive oversight and prevent power concentration in MIIs, but industry experts stress the need for well-defined roles and a governance framework that supports operational leadership.</li></ul>

SEBI May Rework MII Governance Plan After Exchange Pushback

Discover more