A well said article. Infosys is on a compromise mode and it is unfortunate that minority shareholders decide while the majority investor has to listen to the minority views. Without saying, for sure the fortune of Infosys is at stake with an Indian based CEO managing a business of which 60% is coming from US. A very good opportunity to grow the business is lost by Infosys with Sikka's exit. Was Rs.17 crs package to ex.CFO that important for a company of 10 billion US business? Issue of Corporate Governance was only a way for NM to get an entry back into the company. The dark phase of Indian culture is back again after Tatas. It will take an another generation in India to bring in the space for professional managers in Indian Corporation.
Re: Well said
by chanakya maurya on Sep 05, 2017 10:01 PM
the new board has to decide whether they want to bring in a roaring lion as CEO or a horse for the old guard to ride upon. Corporate governance is also evolving so rapidly taking toll of the old values which are violently being swept away by the new lean, mean and fast performing chemistry. Kohinoors are a plenty in Bharatvarsh. They however want no one to breath over their soldiers to certify them.
The infosys founders who have sold all their shares,making a pile of money,retaining about 13%in all are now claiming a right on the property which they do not own to a major part.What ever may be the governance deficit, the existing law of the land only should take care ,unless the infosys founders have their own legal,ethical systems which the public will not know.Hence this kind of back room maneuvers can happen only in india
