Byju’s executive leadership ‘regularly disregarded’ advice and recommendations: Prosus explains why its representative quit startup’s board

NEW DELHI: Trouble continues to mount for Byju’s. A month after the firm’s investor Prosus confirmed the resignation of its representative Russell Dreisenstock from the board of the startup, the Netherlands-based technology investor on Tuesday said that the executive leadership at Byju’s regularly “disregarded” Dreisenstock’s advice and recommendations relating to strategic, operational, legal and corporate governance matters, compelling him to resign.

“The decision for our director to step down from the Byju’s board was taken after it became clear that he (Dreisenstock) was unable to fulfil his fiduciary duty to serve the long term interests of the company and its stakeholders,” Prosus said in a statement.