Mumbai, Jan. 28 -- Former Sebi chairperson M Damodaran, speaking at the Mint BFSI Summit 2025 in Mumbai, called for heightened regulatory impact assessment at a time capital markets are surging in value. He said corporate governance in Indian companies has improved as independent directors have started voicing their opinions more in the boards.

"The markets have grown in complexity, in size, number of investors have increased, number of issuers have increased. There are external factors, not related to India, but impacting India. Many of these complexities did not exist about a decade ago. Sebi is not getting the credit for the kind of work that they are doing. They do not need advice, but in the excitement to do more good things, somewh...