Infosys Vishal Sikka Exit

Here's a selection of Business Standard opinion pieces for the day

The firm said it would continue to adhere to the highest standards of corporate governance

Infosys Co-Chairman Ravi Venkatesan also said he was not in contention for the CEO's post

Proxy advisory firms have begun to endorse Nandan Nilekani for the top job in the Infosys. One of the proxy firm believes that to put the company back on strong footing, Nilekani needs to be brought back as the non-executive chairperson.The endorsement for the Nilekani comes when Bengaluru-based technology major starts evaluating both internal and external candidates as part of the CEO selection process, after the dramatic exit of Vishal Sikka on Friday. He quits amid constant attacks on his integrity, he preferred to call it quit, citing "personal attacks" as one of the reasons for his sudden decision to resign. According to the Institutional Investor Advisory Services (IiAS) report, Sikka's resignation cannot come as a surprise. Despite best efforts, Infosys' board was unable to protect him from the constant onslaught of Infosys' highly-statured, yet petulant, critics. The resignation brings Infosys back to where it started - in search of a new CEO. In its earlier search, the board .

There is enough reason why Vishal Sikka ought to have heeded the requests from Murthy and others

Board also blamed Narayana Murthy for exit and for undermining Sikka's efforts to transform Infosys

Suggest corporates to improve succession planning

An organisation cannot be run in the belief that the founder will be around forever

When Infosys appointed U B Pravin Rao as chief operating officer in June 2014, it was seen as a reward for nearly three decades of service. On Friday, when Rao was named Interim Chief Executive Officer after Vishal Sikka stepped down, the feeling was different.Rao had been hired as a management trainee by founder Narayana Murthy himself in 1986, soon after a degree in electrical engineering from Bangalore University. After various roles at Infosys, including head of infrastructure management services, Europe delivery and retail, and consumer packaged goods, Rao became second in command at the company."I feel privileged that I recruited Pravin in 1986 and he has had a dream run in the company, with extraordinary value systems," said Murthy in June 2014 when he was executive chairman.Rao had been the perfect mentee of Murthy. He was seen as humble, from a middle class background and never really had a flair for the fancy -- all things the company's co-founders stood for. While none of ..

The Street is worried about the ongoing spat between the board and founding members continuing

LIC bought 'a few thousand shares' on Friday when the stock dropped as much as 13%

With Sikka's exit, the board-founder dispute will almost certainly get nastier