The Securities Exchange Board of India (SEBI) on Monday (September 16) said that it will resolve all the demands of its employees internally. The market regulator has also withdrawn its old (September 4) statement given to the employees, which said that junior employees were agitating under the influence of outsiders. The statement issued by SEBI said that ‘SEBI resolves matters related to employees through proper internal mechanism. After discussions with officers of all grades, it has been decided that all these matters are completely internal matters of SEBI and it will also be resolved internally according to SEBI standards.’ Employees demanded change in leadership
Last month (August 6), SEBI employees wrote a letter to the Finance Ministry expressing concern over the toxic work culture. Employees accused the leadership of using harsh language, setting unrealistic goals and micromanagement and demanded a change in leadership. Employees had alleged toxic work culture
On September 4, SEBI had denied the allegations of ‘toxic work culture’ leveled by the employees. The market regulator had then said that ‘some employees are trying to get the organization to agree to anything by fueling the story of negative work environment. They have many demands, one of them is a 55% increase in House Rent Allowance (HRA).’ Highlights of SEBI’s statement issued on September 4 SEBI Chief Madhabi Puri Buch has been surrounded by allegations from Hindenburg, ZEE Media founder and Congress party for nearly two months… She may also be questioned in these cases. The Public Accounts Committee (PAC) of Parliament may issue summons for investigation on the allegations against Securities and Exchange Board of India (SEBI) Chief Madhabi Puri Buch. Business Standard has given this information quoting sources. According to the report, the investigation into the functioning of the regulatory body is due to Hindenburg’s allegations on the Adani Group and the involvement of the SEBI chief in this case. The PAC is preparing to question officials of the Ministries of Finance and Corporate Affairs in this matter. Buch may be called to appear before the PAC by the end of September for investigation in this matter. Click here to read the full news… Read this news too… SEBI employees protest against top management: Accused of putting pressure on work, demand for resignation of SEBI chief Buch Hundreds of employees of the Securities and Exchange Board of India (SEBI) protested against the top management today (Thursday, September 5) morning. Employees allege that the top management puts pressure on work. Employees are demanding the resignation of SEBI chief Madhabi Puri Buch. Click here to read the full news… SEBI said – Employees are making up stories of toxic work culture: This is a strategy to get their demands met, want to increase HRA by 55% Securities and Exchange Board of India (SEBI) has denied the allegations of toxic work culture in the office. SEBI issued a statement on Wednesday rejecting the allegations. Click here to read the full news…
