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Narayana Murthy's regret - reflection on board structure

Regret comes from his displeasure that board failed to uphold culture, values he established

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Asish K Bhattacharyya
In 2014, information technology major Infosys adopted a governance structure, in which two different persons hold the positions of chairperson and chief executive officer (CEO). Narayana Murthy, co-founder of the company, who held the position of executive chairman, and steered the company for over 30 years, decided to retire and handed over the management to a team headed by Vishal Sikka, who would operate under the guidance and supervision of a professional board. 

Currently, the board has 10 members, of which only two are executive directors (CEO and COO) and others are independent directors. The chairperson is an independent director. 
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