MUMBAI: Indian payments startup BharatPe said Tuesday its board had recommended several measures including termination of several employees and vendors and filing criminal cases against them for misconduct. IPO-hopeful BharatPe, which allows shop owners to make digital payments through QR codes, had initiated a corporate governance review in January hoping to soothe investor
Fintech firm BharatPe has sacked Madhuri Jain Grover, the wife of its managing director Ashneer Grover, over alleged financial irregularities and cancelled the stock options she had. The move follows an external audit ordered by the BharatPe board.
BharatPe to overhaul governance after Ashneer Grover row : Rashtra News #BharatPe #overhaul #governance #Ashneer #Grover #row Mumbai: IPO-hopeful BharatPe is aiming to quell investor disquiet over a public row involving personal investments by one of its cofounders with an independent audit to bolster internal governance rules, two sources with direct knowledge said. The audit […]
The audit will assess if BharatPe's senior executives are making proper internal disclosures about personal investments and check for conflicts, leading to a new code of conduct, according to the report.