Coforge says chairman OP Bhatt instructed to hide audit findings from other board members
- Posted on September 11, 2026
- By Business News Today
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- 1 min read
In brief
Coforge faces significant corporate governance scrutiny following chairman OP Bhatt's abrupt resignation. The controversy centers on allegations that critical audit findings were deliberately excluded from board discussions, raising transparency concerns. Shareholders rejected Bhatt's reappointment bid, signaling investor dissatisfaction with leadership accountability. The incident highlights tensions between internal audit processes and board oversight mechanisms in India's IT sector, prompting broader questions about independence and disclosure standards in corporate governance practices.
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Coforge says chairman OP Bhatt instructed to hide audit findings from other board members
Coforge chairman OP Bhatt resigned two days after board evaluation findings were withheld. The internal audit revealed these crucial reports were not shared with other directors. Key investors confronted Bhatt with the review's findings concerning his performance. Bhatt's reappointment as an independent director failed to secure sufficient shareholder support. The company stated the board evaluation process is separate from financial reporting.
