Audit Red Flag Leads to Fresh Scrutiny of Coforge Leadership
What Happened
Coforge's internal auditor, KPMG, reportedly found "misrepresentation" in the company's board evaluation process after former chairman O.P. Bhatt's lowest performance rating from fellow directors was omitted from material presented to the board. According to reports, KPMG's governance review concluded that the information shared with directors did not fully reflect the original evaluation report.
Key Takeaways
The episode has intensified concerns over corporate governance at Coforge. The controversy has already led to O.P. Bhatt's resignation and raised fresh questions about transparency, board oversight, and disclosure practices at one of India's fastest-growing IT firms.