SES Advisory Panel

SES has constituted an independent advisory panel, comprising of erudite and eminent personalities in the field of Corporate Governance, to provide unbiased and objective guidance on policy issues and assist SES in periodically revising its policies. The diversity of the panel enables SES to consider multiple viewpoints and interests of all stakeholders of a company and the collective wisdom of the advisory panel enhances the robustness and transparency of SES’ policy making process.

Advisors are invited to join SES Advisory Panel for a period of one (1) year, post which the term can be renewed for another year subject to mutual agreement. They work pro-bono and do not draw any remuneration from the company. However, SES may reimburse expenses incurred by members in the discharge of their duties. To maintain the independence of the SES Advisory Panel, SES has adopted a maximum term limit of six (6) years for its advisors. Further, any additions to / deletions from the Panel will be subject to the unanimous affirmative approval of the Panel.

Our Advisors

Dr V.R. Narasimhan

Advisor

Dr V.R. Narasimhan started has 40 years of work experience in Financial and Capital Markets in India. He started his career as a lecturer. Thereafter he joined AP State Finance ...

Dr V.R. Narasimhan started has 40 years of work experience in Financial and Capital Markets in India.

He started his career as a lecturer. Thereafter he joined AP State Finance Corporation (APSFC) and worked for about 11 years.  During the period 1984 to 1987 (very early days of computerization in India) he played a leading role in developing an integrated financial accounting and MIS system for APSFC.

 In 1992-1993 he joined Capital Market Regulator – SEBI as Division Chief, Secondary markets.   At SEBI he was in charge of Broker Registration, inspection of Stock Exchanges and also worked on drafting regulations for custodians and depositories.

In 1996, he joined India’s first securities depository viz., National Securities Depository Limited (NSDL) and worked with it for 10 years.  In his stint with NSDL he was responsible for spreading the demat concept amongst all issuers and investors in the country.  In addition to being a part of senior management team of NSDL, he played key role in new products and services like setting up National Skill Registry for NASSCOM, biometric based investor registration system called MAPIN (now abandoned), conceptualization of Central Record Keeping Agency for PFRDA etc.

  In 2006, he joined Kotak Mahindra Group and played multiple roles including setting up Kotak Mahindra Pension Fund Company, setting up Kotak Commodity Derivatives Exchange, Group head for capital market compliance etc.

IN 2013 – the year in which the SEBI regulations for stock exchanges and clearing corporations was made effective (SECC Regulations) -  he joined as the Chief Regulatory Officer of National Stock Exchange and retired from that position in April 2018.

At present he is working as Dean School of Corporate Governance and Regulatory Studies at National Institute of Securities Markets (NISM), an education initiative of SEBI.

 Dr. Narasimhan is a post graduate in Commerce, MBA (Finance) and a Ph. D and a member of Institute of Company Secretaries of India

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Mr. Sandip Bhagat

Advisor

Sandip Bhagat specializes in capital markets, M&A, private equity and corporate governance matters. His practice covers primary and secondary market regulations, the takeover c...

Sandip Bhagat specializes in capital markets, M&A, private equity and corporate governance matters. His practice covers primary and secondary market regulations, the takeover code, foreign investment and other regulations applicable to listed and unlisted entities, including REITs and InvITs.
He has advised issuers and major international and Indian investment banks on a wide range of transactions, including IPOs, tender offers, private placements, rights issues, high-yield debt offerings and bulk/block trades.
Sandip has been recognized as a leading lawyer by IFLR1000, Chambers Global and the International Who’s Who of Capital Markets Lawyers. He previously worked with Shearman & Sterling in New York and Singapore from 1993 to 1999.
Sandip is a founding partner of S&R Associates, a leading Indian law firm with offices in New Delhi and Mumbai. S&R provides clients a full range of services, including M&A, litigation and arbitration, capital markets, private equity, competition, regulatory and general corporate matters.

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Role of Advisors

Advisors are not involved in day-to-day activities, development of advisory reports, client solicitation, or business development initiatives of SES. However, subject to their availability, SES may tap into their vast knowledge base to seek intellectual inputs on topical issues encountered during the course of its research. Such inputs shall be used for guidance purpose only and will not form part of the advisory role. All such interactions are done over email and an audit trail of the same is maintained by SES. SES may also seek guidance from its Advisors for its investor education initiatives and/or their involvement in the same, subject to their availability and consent.

Advisors are not responsible and do not have access to SES’ internal governance. SES may however seek their counsel on specific internal governance issues and ethical matters. Advisors will have full rights to proactively raise any issue in the area of their responsibility. However, they are under no obligation to do the same. Advisors shall be consulted as a panel on policy matters. Individual consultation with the advisors shall be limited to guidance on topical issues only and the same shall fall outside the purview of their advisory role.

SES does not seek any non-public information or data from our advisors. SES shall only seek comments and opinions of advisors on policy matters and/or topical issues. As the advisors are not involved in our day-to-day operations, SES does not foresee any conflict of interests. However, to avoid any perceived conflict of interests, the advisors shall declare affiliations with listed entities at the start of their tenure (affiliations do not include non-material shareholdings). SES shall proactively seek to avoid situations where there might be any perceived conflict of interests.

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