Coforge NRC chair resigns citing differences, tension between directors
In another major boardroom fallout at Coforge, its non-executive independent director and Nomination and Remuneration Committee Chairperson D K Singh has resigned, alleging "differences and tension" between independent and executive directors.
The IT services firm, however, refuted Singh's claims as "unfounded" and an "afterthought", saying his resignation followed an internal audit review that flagged governance lapses in how he and former Chairman O P Bhatt handled a board evaluation exercise.
The development comes just days after Bhatt abruptly stepped down as Chairman of Coforge following the internal audit's findings that he and Singh withheld crucial board evaluation reports, including the lowest rating assigned to theChairman's category, from other board members.
The former State Bank of India chairman had also failed to secure the required 75 per cent special resolution threshold at the company's Annual General Meeting on August 24 for his reappointment as independent ...
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