Sunday, October 22, 2017

Newsbreakers

Transparent Governor

NR Narayana Murthy Co-Founder of Infosys has been making news over critical issues of corporate governance in the company that he founded. A legend in India’s corporate folklore, he stuck to his guns in a protracted battle with the incumbent MD and CEO Vishal Sikka over issues of Corporate Governance and transparency.  Forged in the old school of legends like JRD Tata, he refused to be impressed by his adversary’s performance and pointed to lapses in corporate governance.  Murthy’s crusade for corporate governance needs to be seen in the wider context of maintaining the exacting standard of India’s corporate culture, and not as a personal battle to seize power for personal gains. Otherwise he would be mindful of the eroding of Rs 22 cr M-Cap of Infosys on his adversary’s departure.  Murthy finally had his way and managed to install his Co-Founder Nandan Nilenkani back in the driver’s seat at Infosys.

 

 

Driverless Technocrat

Vishal Sikka former MD and CEO at Infosys left the company driverless recently after his abrupt resignation over what he called false baseless and malicious attacks from Founder NRN Murthy. This was a sad culmination of a prolonged boardroom battle between him and NRN. If numbers are an indicator they vindicate and endorse his tenure at Infosys. During his three years at Infosys, it clocked a CAGR of 7.4 per cent, keeping pace with rival and industry leader TCS.  Sikka turned an industry laggard into a performer during his Infosys tenure. His new focus on developing cutting edge technologies will be critical for Infosys’ survival in the near future. A hardcore technocrat, Sikka was a member of the Executive Board and the Global Managing Board of SAP AG, leading all SAP products and innovation globally, where he led SAP’s product portfolio including the breakthrough in-memory platform, SAP HANA, all their applications, cloud and technology solutions.




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