The re-induction of Marti Subrahmanyam as director on the Infosys board, if it happens, will breach the information technology major’s retirement policy, which mandates that its independent directors retire when they turn 70.
Infosys founder N R Narayana Murthy had suggested to the board appointing Subrahmanyam co-chair even as two former directors V Balakrishnan and T V Mohandas Pai have asked the present chairman, R Seshasayee, to quit the company over alleged corporate governance lapses, triggering a crisis in the company.
According to Infosys’ retirement policy, an executive director or a managing director is supposed to retire at 60.
Infosys founder N R Narayana Murthy had suggested to the board appointing Subrahmanyam co-chair even as two former directors V Balakrishnan and T V Mohandas Pai have asked the present chairman, R Seshasayee, to quit the company over alleged corporate governance lapses, triggering a crisis in the company.
According to Infosys’ retirement policy, an executive director or a managing director is supposed to retire at 60.