Tue Sep 03 08:58:01 UTC 2024: – ICICI Bank denied allegations of paying salary or granting stock options to Sebi chair Madhabi Puri Buch
– Buch received compensation during her employment with the ICICI group in the form of salary, retiral benefits, bonus, and Esops
– Buch’s current tenure as chair ends in March next year
– Multiple conflicts of interest involving Buch have been alleged
– Corporate governance expert recommends public disclosure of Esops even if they are retiral benefits
– Securities lawyer clarifies that Esops become the absolute property of the person after vesting, and disclosure of investments is mandated by law
– Former Sebi official finds the situation implausible and highlights the different legal frameworks governing financial components dealt with in the case.

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