Akshaya Patra's governance in question as 4 independent directors resign

The four who quit include former Infosys CFOs Mohandas Pai and V Balakrishnan, Raj Kondur, co-founder of Chrys Capital, and Abhay Jain, adviser to Manipal Education & Medical Group

Four prominent independent directors have resigned from non-profit organisation Akshaya Patra Foundation (APF) due to differences between them and the APF's chair and vice-chairman, Times of India reported. According to the report, the differences were in the relationship between the organisation and certain temple trusts. 

The four who quit — former Infosys CFOs Mohandas Pai and V Balakrishnan, Raj Kondur, co-founder of Chrys Capital, and Abhay Jain, adviser to Manipal Education & Medical Group — wanted to keep a distance from the temple trusts.  

Times of India reported that several rounds of discussions to address issues hit a stalemate. APF