The role of promoters once they relinquish management control has never been so open to question as they have been in the two recent high-profile disputes — Ratan Tata versus Cyrus Mistry and Infosys founders versus Vishal Sikka.
One dispute is about power without much accountability, an issue that is yet to be resolved despite the capable and unassuming N Chandrasekaran’s accession to chairmanship of the $103.51 billion group’s holding company, Tata Sons. The other is about accountability without power, an issue that is still to be sorted out between an equally proficient but feisty Mr Sikka and the unhappy founder
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