SEBI Governance Reforms: Why Market Infrastructure Governance Is Becoming Critical Governance reforms by Securities and Exchange Board of India are not only about stricter regulation. They show how important market infrastructure stability has become for modern capital markets. Market infrastructure organisations are not normal business companies. They work as the operational foundation of financial trading, settlement processing and accurate ownership recording inside the ec

1. Introduction – Governance Challenge in the Digital Age Corporate governance is entering a new phase as business leadership itself is transforming quietly but deeply. For many decades, board responsibility was mainly associated with financial accuracy, compliance supervision and strategic approval of organisational direction. Technology was usually treated as a supporting operational function managed by internal teams, external service providers, or specialised technical de