Infy chairman, co-chair must step down before CEO search: Bala
Infosys former CFO V Balakrishnan today asserted that Chairman R Seshasayee and Co-chair Ravi Venkatesan must step down as part of a board rejig before the country's second-largest IT firm kicks off search for a new CEO.
Balakrishnan, whose views mirror those of co-founder N R Narayana Murthy, said heads of the audit (Roopa Kudva) and remuneration (Jeffrey S Lehman) committees should also take responsibility of the corporate governance lapses at the company and resign.
He is of the view that for Infosys to bring in a new CEO without fixing its board first would be "suicidal".
"The four people are relevant because the audit committee chair hasn't handled the severance payment of the ex-CFO and the legal counsel well. The renumeration committee chairman should have looked into those issues when the compensation was discussed," he told
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.