Coforge Chairman OP Bhatt Resigns Following Audit Disclosures
· Business · Moneycontrol, Economic Times
Coforge Chairman OP Bhatt has resigned from his position following an internal audit that identified disclosure gaps regarding board evaluations. The company confirmed the resignation in a regulatory filing, noting that the audit committee had reviewed the compliance lapses. These disclosure issues pertained specifically to the documentation and reporting of board performance assessments. The board has accepted the resignation, though the company has not yet announced a successor for the role. The audit findings were part of a broader review of corporate governance practices within the IT services firm.
Why it matters
The resignation of a high-profile chairman due to governance lapses impacts investor confidence and signals stricter internal oversight requirements for listed Indian IT companies.
Read the original report — Moneycontrol
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