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