What happened at Coforge? Chairman Om Prakash Bhatt exits after board audit review

Coforge chairman Om Prakash Bhatt stepped down after an internal audit raised concerns over the company’s board evaluation process and disclosure of material information. The development triggered a sharp fall in Coforge shares and put the company’s governance process in focus.

New Delhi: Coforge chairman Om Prakash Bhatt resigned after an internal audit raised concerns over the way the company’s board evaluation process was handled and presented. The review found that some material information, including details linked to the chairman’s performance, had not been fully disclosed to the board.

Bhatt, a former State Bank of India chairman,........

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