{
  "id": 6720600,
  "title": "Coforge Raises Governance Concerns Over OP Bhatt’s Handling Of Board Evaluation Report",
  "url": "https://urgent.news/2026/09/11/coforge-raises-governance-concerns-over-op-bhatts-handling-of-board",
  "topic": "world",
  "section": "World",
  "published": "2026-09-11T06:29:28.000Z",
  "source": {
    "name": "Free Press Journal",
    "slug": "free-press-journal",
    "url": "https://www.freepressjournal.in/business/coforge-raises-governance-concerns-over-op-bhatts-handling-of-board-evaluation-report"
  },
  "original_language": "en",
  "account": "Coforge has raised concerns over governance issues related to its outgoing chairman OP Bhatt's handling of a board evaluation report. The company claimed that Bhatt did not share the complete findings of an internal audit report concerning the evaluation process with the board and the nomination and remuneration committee (NRC). Bhatt, a former State Bank of India chairman, also served on the NRC, which was chaired by independent director DK Singh. According to the company, the audit observations highlighted issues with how the evaluation report and its findings were disseminated, discussed, and ultimately presented to the NRC and the board. Bhatt's instructions ensured that only Singh and he had access to the evaluation reports, with no copies shared with other board members, including independent directors, as Bhatt directed. The audit further noted that the manner in which findings were presented, without providing copies of the reports, by the chairman of the board and NRC chair, did not cover all relevant aspects and findings. In particular, the lowest rating received by Bhatt in the reports was not disclosed or discussed by the NRC chair or Bhatt before the NRC or the board. These governance concerns may have influenced Advent International, Coforge's largest shareholder, to vote against Bhatt's reappointment as an independent director and chairman for a five-year term starting in 2027. Bhatt, who is 75 years old, had become an independent director in May 2024 and assumed the role of chairman in June 2024. His term was set to conclude in April 2027.",
  "summary": "Coforge has flagged governance concerns involving its outgoing chairman OP Bhatt, alleging that he did not provide the board and the nomination and remuneration committee (NRC) with the complete findings of an internal audit report on the board evaluation process. According to a report by Business Standard, the company said the audit observations related to how the evaluation report and its…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}