STARTUP LEGAL9 Sept 2026
Who is Om Prakash Bhatt? Coforge chairman resigns; what the IT firm flagged — Updates so far | Company Business News
Om Prakash Bhatt, former SBI chairman, resigned as Coforge chairman on September 8. An internal audit into the board evaluation process found that material information about his own performance was not fully disclosed to the board. Vivek Sharma is now interim chair until January 31, 2027. This matters because corporate board governance is under scrutiny. Companies should ensure board evaluations are transparent and complete.
Key Statutory Highlights
- Coforge's internal audit into its board evaluation found that material information about chairman Om Prakash Bhatt's performance was not fully disclosed to the board.
- Bhatt resigned on September 8, saying continuing would not help the board function effectively.
- Vivek Sharma, an independent director, will serve as interim chair until January 31, 2027.
Actionable Advice for Taxpayers / Founders:If you serve on a board, make sure your company's board evaluation process is transparent and all material performance information is shared with the full board.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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