Stakeholders Relationship Committee: Falling short on commitment

Last week, information technology (IT) major Infosys put the spotlight on a little-tracked board committee called Stakeholders Relationship Committee (SRC). In its annual report, the Bengaluru-based company, which had recently seen its founder NR Narayana Murthy raise various concerns, said it had adopted a charter for its SRC, laying out its responsibilities and authority the panel could wield within the company. It also strengthened it by appointing another independent director DN Prahlad as its member.

A few weeks earlier, former Sebi chairman M Damodaran had lamented the sorry state of affairs of SRCs mandated by the company law and Sebi