Here's why Infosys offered a role to 70-year-old Narayana Murthy
Narayana Murthy had publicly criticised Infy for poor corporate governance. LATEST NEWS : Infosys board is making every effort to placate its founder N R Narayana Murthy, who has criticised the company on its corporate disclosures, by offering a formal role in the organisation. It also would bring curtains to the distraction that chief executive Vishal Sikka has often complained is hurting the business. At 70, Murthy is eligible for a role on the board, including as executive chairman. In 2013, Infosys board had raised the age bar to 75 from the earlier 60 years to facilitate entry of Murthy as the IT major firm chairman for the second time. “If he were to wish that, we would absolutely consider it,“ Ravi Venkatesan, co-chairperson at Infosys said in an interview with ET NOW on Thursday. Since, Murthy raised the issue of failing corporate governance, Infosys has taken pains to bring policy changes to improve transparency, which includ...