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Key investor Prosus criticizes Byju's governance and reporting practices
source link: https://nextbigwhat.com/key-investor-prosus-criticizes-byjus-governance-and-reporting-practices/
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Home Key investor Prosus criticizes Byju’s governance and reporting practices
Key investor Prosus criticizes Byju’s governance and reporting practices
- Byju’s investor Prosus expressed disappointment at the edtech giant’s insufficient reporting and governance structures.
- Prosus director, Russell Dreisenstock, stepped down from Byju’s board unable to fulfil fiduciary duty for stakeholders.
- Deloitte also quit the startup last month, citing absence of communication about status of audit readiness of financial statements.
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