BCAS 77th Founding Day Conclave: 'Corporate Governance—Not A Matter Of Choice, It's An Imperative'

In today’s business landscape, corporate governance is not a matter of choice—it is an imperative. It forms the bridge between a company’s performance and the trust it earns from its stakeholders, SEBI Chairman Tuhin Kanta Pandey told chartered accountants, industry leaders, and investors at the 77th Founding Day conclave, organized by Bombay Chartered Accountants’ Society (BCAS). Several dignitaries from the public and private sectors, academia and media attended the conclave themed, “Corporate Governance, in letter and spirit-role and responsibility of professionals”, on July 5, 2025 at Garware Club, Churchgate.

Sound governance practices are central to sustaining investor confidence, ensuring board independence, and enabling effective oversight in listed companies.

Chartered accountants stand at the forefront of financial discipline, integrity, and market confidence in our country. In a world where capital markets are becoming increasingly dynamic-shaped by technological advancements, evolving regulations, and global interdependencies, chartered accountants are playing a pivotal role in upholding the financial credibility and transparency in listed companies.

“In this pursuit, the BCAS has been a torchbearer—not only in promoting technical excellence among CAs but also in nurturing a valuesbased approach to financial reporting. The continued investment of BCAS in capacity building, research, and policy dialogue has strengthened the profession from within,” Pandey said in his keynote address.

Sharing his thoughts on the importance of corporate governance, he said, the indispensable role CAs play in ensuring that it is upheld in both letter and spirit, and the initiatives by the Securities and Exchange Board of India to further strengthen governance standards across the listed companies.

Chartered accountants play a pivotal role in reinforcing the foundation of corporate governance within companies. Their work extends beyond financial reporting—they serve as vital enablers of transparency, compliance, and ethical conduct in the corporate structure, Sebi chief emphasized.

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“CAs serve as the financial custodians of corporate India. You are stewards of trust—trust that investors, regulators, lenders, and the public place in the financial statements of companies. By ensuring the accuracy and integrity of these statements, you help boards and audit committees make informed decisions based on reliable data. CAs support the establishment and monitoring of robust internal control systems, which are essential for preventing misstatements, fraud, and governance lapses,” Pandey told chartered accountants.