Narayana Murthy's take on good governance and what it takes to be a CEO

According to Murthy, independent directors and chairmen of companies cannot be a party to any selective disclosure to just any group of shareholders including the founders

Infosys founder Narayana Murthy called for transparency of independent directors and chairmen of companies towards the shareholders and regulators to ensure good governance and compliance to the laws of the land.
 
“Good governance is about representing shareholders faithfully, doing everything possible to increase shareholder value legally and ethically, and enhancing the reputation of the corporation. It is about ensuring that every law of the land is fully complied with. Remember that your accountability as an independent director is only to your shareholders and the regulators”, Murthy said at the 54th Convocation at IIM Calcutta.
 
According to Murthy, independent