INFOSYS
Board composition:
Current policy of Infosys is to have an appropriate mix of executive and independent director to have independent board and to separate board functions of governance and management. Board comprises of:
• 15 members on board = 7 executives / full time director + 8 independent directors
• Clearly defined responsibilities of CEO and COO and they have to make regularly presentation in front of board of their responsibilities, performance and targets.
Independent directors: Follows clause 49, also NASDAQ listing rule and also Sarbanes – Oxley Act, US
Board member selection procedure :
• Board selects the new member and regularly works with Chairperson, CEO and COO on the internal succession of these posts in case of emergency.
Board functions:
• To meet for quarterly review the results
• To discuss issue related to financial performance and share holders interest
• To keep independent director to date through regular meetings
The compensation committee carries out formal evaluation of the employees.
The COO and the CEO handle the interaction with the clients, employees, institutional investors, the government and the press.
The risk management is handled by the board overall with the help of directions from audit committee.
Board composition:
Current policy of Infosys is to have an appropriate mix of executive and independent director to have independent board and to separate board functions of governance and management. Board comprises of:
• 15 members on board = 7 executives / full time director + 8 independent directors
• Clearly defined responsibilities of CEO and COO and they have to make regularly presentation in front of board of their responsibilities, performance and targets.
Independent directors: Follows clause 49, also NASDAQ listing rule and also Sarbanes – Oxley Act, US
Board member selection procedure :
• Board selects the new member and regularly works with Chairperson, CEO and COO on the internal succession of these posts in case of emergency.
Board functions:
• To meet for quarterly review the results
• To discuss issue related to financial performance and share holders interest
• To keep independent director to date through regular meetings
The compensation committee carries out formal evaluation of the employees.
The COO and the CEO handle the interaction with the clients, employees, institutional investors, the government and the press.
The risk management is handled by the board overall with the help of directions from audit committee.