Murthy Can be Infy’s Chair­man Emer­i­tus, Says Ex-CFO Bala

The Economic Times - - Disruption: Startups & Tech - Press Trust of In­dia

Ben­galuru: In­fosys’ former CFO V Balakr­ish­nan on Sun­day said he favoured co-founder NR Narayana Murthy be­ing in­vited as chair­man emer­i­tus and chief men­tor with im­me­di­ate ef­fect and al­lowed to take a lead to re­con­sti­tute the board to cre­ate a long-term and sus­tain­able gov­er­nance frame­work.

“I think it will be a good idea for the board to im­me­di­ately in­vite Murthy as chair­man emer­i­tus and chief men­tor... He should also take the lead in re­con­sti­tut­ing the board to cre­ate a long-term, sus­tain­able gov­er­nance frame­work,” he said.

“The board needs an ap­pro­pri­ate bal­ance to cre­ate the checks and bal­ances nec­es­sary to make the ex­ec­u­tive man­age­ment ac­count­able,” the former chief fi­nan­cial of­fi­cer added.

His state­ment comes after co-chair­man Ravi Venkatesan, in an in­ter­view to ET Now, had said the board would ab­so­lutely con­sider giv­ing a for­mal role to Murthy if he so wished, but he has not ob­vi­ously in­di­cated any­thing to that ef­fect.

Balakr­ish­nan said the board should ‘shed its ego’, go be­yond niceties ex­pressed in pub­lic in­ter­ac­tions and reach out to him and other founders di­rectly for the share­hold­ers to see any up­side in their hold­ings.

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.