New Delhi, Sept. 11 -- India's evaluation of its boards of directors has come a long way over the years, yet needs to change and be customized to account for specific company contexts, not just check boxes on regulatory forms, said Harsh Mariwala, founder and chairman consumer products major Marico Ltd.

The spotlight on board evaluations comes on the back of the resignation of software services company Coforge Ltd's non-executive independent director and chairperson, O. P. Bhatt, on Wednesday.

The company had stated in a regulatory filing that "... certain material information contained in or relating to the Board Evaluation Report and the performance of the Chairman had not been fully disclosed to the Board when the BER was presented."...