Companies are increasingly leaning on “net worth” to blur the impact of financial discrepancies that must be disclosed to investors. While firms argue it cushions negative readings, experts say the practice is misleading and investor-unfriendly. Regulators may need to step in, the warning goes, to prevent metric swapping from undermining transparent reporting.
Coforge has announced the immediate resignation of Executive Vice President Anup Kumar, who led M&A, and Manish Hemrajani, Head of Investor Relations. Kumar said he wants to pursue entrepreneurial ventures. During his time, Coforge completed five acquisitions and integrated Cigniti. The company is now managing leadership transitions as it charts its next strategy.
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