 "Flipkart’s Kalyan Krishnamurthy and Snapdeal’s Kunal Bahl")
Snafu at Infosys
For India’s second-largest software exporter, 2017 was a testing year in terms of corporate governance. The first non-promoter CEO , Vishal Sikka, quit amid a welter of whistle-blower accusations involving irregularities in a deal to buy an Israeli firm, an over-generous pay package and underperformance, which pulled down the stock price. Sikka’s exit was followed by several board stalwarts who had backed him. Ranged against him was, principally, N R Narayana Murthy, the elder statesman among the seven co-founders, who had anointed the choice of Sikka back in 2014 and now accused him of cover-ups and worse.
