29 July, 2021

‘Come Clean On All Allegations’

V. Balakrishnan, a former Infosys CFO, feels that the Board should do more to put the matter of corporate governance to rest once and for all...

Photograph by Nilothpal Baruah/Outlook Archive
‘Come Clean On All Allegations’

This week, the Board of Infosys responded to concerns its founder N.R. Narayana Murthy raised about corporate governance at the firm. But it only popped up more questions than provide answers, feels V. Balakrishnan, a former Infosys CFO and board member who quit the company in December 2013. The Board should do more to put the matter to rest once and for all, he said in an interview with Ajay Sukumaran. Excerpts:

How do you view the Board’s response on Monday after the concerns raised by Murthy?

It’s very disappointing because they have not said anything different from what they have been saying in the past. See, the core issuße is one of governance. I don’t think the founders are talking about strategy or operations or the CEO because a new CEO has come, he’s a professional CEO and he has come with his own vision (of achieving) $20 billion revenue by 2020. We all should support him. What the founders raised is a governance issue. The first one is the severance payment to the...

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