Four independent trustees of Akshaya Patra Foundation (APF) who resigned from the non-profit that operates school meal programmes have written to the management detailing governance issues that they say must be set right. Two other independent trustees, V. Balakrishnan, former chief financial officer of Infosys, and Raj Kondur, co-founder of ChrysCapital, also stepped down. APF announced the reconstituting of the foundation’s board of trustees on Saturday. It will now have Madhu Pandit Dasa as its chairman, Chanchalapathi Dasa as vice-chairman, besides having K.V. Pai further alleged without naming anyone, that two other trustees had started including more insiders on the trust and overriding the decisions made by independent trustees.

Source: Mint November 18, 2020 02:59 UTC