Coforge board rates chairman O P Bhatt poorly before shareholders reject his term extension
Coforge’s board gave chairman O P Bhatt the lowest peer ratings in its internal review, and shareholders later voted down a proposal to extend his tenure to 2032.
In an internal board evaluation, O P Bhatt received the weakest scores among his fellow directors. The low ratings reflected growing doubts about his leadership. When the company held its annual general meeting, shareholders rejected a special resolution that would have prolonged Bhatt’s chairmanship until 2032. The vote signals a loss of confidence from both the board and owners. Coforge now faces the task of appointing new leadership.
Why it matters
The rejection shows investors and directors lack confidence in Coforge’s current chairman, prompting a leadership change.
In this story
Related stories
2 in this thread