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Madhabi Puri Butch offers on toxic work culture: Indian security And the Exchange Board of India (SEBI) chief Madhabi Puri Buch is facing a crisis. After Hindenburg's allegations, Congress has made another allegation and now the officials and employees of the regulatory body have complained of toxic work culture due to Madhabi.
SEBI officials have complained to the Finance Ministry that a toxic work culture is being experienced at the capital market regulator under the leadership of Madhabi Puri Buch. It has been accused of harsh language, harsh promises, setting unrealistic targets and a high level of micro-management.
The complaint was filed last month
SEBI officials had complained to the Finance Ministry on August 6 last month. The complaint letter was titled 'Complaints of SEBI officials – Call of Respect'. It complained that, 'Shouting, scolding and public humiliation by Madhabi Puri Buch has become common in meetings. He talks to team members in harsh and harsh language. Also, he monitors the progress of the process, sets unrealistic goals and insists on achieving them. Due to which our mental health is getting affected. Because of this, people who work with him are not able to maintain work-life balance.'
On the basis of this complaint, SEBI has responded that, 'The format of the review meeting has been changed due to the work environment. Therefore, a meeting will be held for this related issue.'
what was written in the letter
SEBI officials have written in the letter that, 'SEBI employees are not robots, anyone can increase the capacity of SEBI as per their wish. The management has improved the system and changed the policies, but in the name of leadership, we are being shouted at. Harsh and indecent language is being used against us. In this situation, no senior management is taking a side. People sitting at the top are not able to express concern on this issue due to fear of action. This kind of fear is continuously increasing among the employees for the last two-three years. SEBI has adopted the best technology to increase work efficiency but the senior management has forgotten to adopt the best person management, leadership and motivation methods.
