With reference to Kavil Ramachandran’s article, “Time to come out of the long shadow” (February 22), recent developments in Infosys and those in Tata Group sometime back point to a general dysfunctional governance issue.
In both the cases, the narrative has been that the board and/or the incumbent chief executive were found lacking in carrying out their responsibilities by the founder promoters, who themselves handed over these duties to the incumbents. Such allegations indicate a situation in which the governance mechanism has not been institutionalised properly. Otherwise, boards of the respective companies should have been able to exercise oversight well in
