Replace Venkatesan, Kudva in Infy board, says Balakrishnan

Hyderabad, Jan 3 (PTI) As Salil Parekh took charge asCEO at Infosys, a former top company official has soughtrestructuring of the Board by replacing ex-co-chairman RaviVenkatesan and ex-Audit Committee Chairperson Roopa Kudva."Nandan (Nilekani, the company's Chairman) should alsocomplete the board restructuring quickly including replacingthe earlier co-chairman and audit committee chairman therebyproviding a clean slate board for him (Parekh) to peform tohis full capability without any distractions," former CFO, VBalakrishnan said.Last month also, he had sought the discontinuance ofVenkatesan and Kudva after Infosys filed a settlement pleawith the SEBI on alleged corporate governance lapses relatingto severance payment to its former CFO Rajiv Bansal."...It is all the more important to restructure theboard and fill it with people of high integrity and stature,"Balakrishnan had said.On opportunities and challenges for Parekh,Balakrishnan today said he had a great opportunity totransform Infosys as he comes with a great pedigree and rightbackground."His background as a services man with globalconsulting expertise fits him well for the job. He should makesure that he does not commit the same mistakes of the pastmanagement and stick to the core value systems which Infosysis known for which includes 'under promise and over deliver',"he told PTI.The obvious challenge for Parekh is the changing technologies and commoditisation of traditional services which is an overall industry issue anyway, Balakrishnan said.

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