<b>Kavil Ramachandran:</b> Time to come out of the long shadow

Promoters should let their successors run the firms so long as core values are upheld

Recent developments in Infosys involving original promoters and the board of directors have come close on the heels of the Tata episode. This is when the “promoter” holding in Infosys has come down to 12.75 per cent! These developments raise questions about the self-perceived continued role of promoters in organisations that have undergone major changes in ownership structure. Also, these raise concerns about our ability to manage leadership succession at operations and board levels in large public organisations that still have the long shadows of the founders lingering, sometimes indirectly. It is sad that leaders with larger than life personalities