Infosys Board is a Big Letdown
The accountability for the board lieswiththechairman.Thatiswhy we have said that the chairman should be replaced. I think the same things they have been saying for long have been said in better English in the press conference. Nothing has been addressed.
We don’t know what has happened. Any professional board will take the people who were involved in those decisions out of the investigation and give it to a new set of people, who can independently review this and come with a conclusion. The board knew about all of this and these allegations are in the public. It is better for the chairman to step down and get a new interim chairman who was not part of the decision at the time — maybe (DN) Prahlad — because Prahlad was not part of these decisions at the time and let him do a proper, independent investigation. Let him do a forensic audit and put everything in the public domain and close it once and for all.
This going on for long in the public domain is not good for the company. This board is a big letdown. They are living in an ivory tower. They want to close their eyes and think everything is hunkydory. (Astoldto Jochelle Mendonca)