Sub: HBS Topic: Case Study
The Homework solutions from Classof1 are intended to help students understand the approach to solving the problem and not forsubmitting the same in lieu of their academic submissions for grades.
Corporate Governance - A Case Study
"Infosys Technologies Limited (Infosys) was one of the best managed companies in India in the late1990s. It regulated the company with good corporate governance practices better than the othercompanies in India and due to this reason, Infosys received many awards. In 2001, Business worldrated Infosys as India's most respected company. According to Credit Lyonnais Securities Asia'ssurvey, it was given second rank for its corporate governance among 495 emerging companies andAsia money poll stated that it was the India's best managed company for five years (1996-2000).Infosys received ""National Award for Excellence in Corporate Governance"" by the Government of India. Far Eastern Economic Review's REVIEW 2000 Survey selected Infosys as one of Asia's leadingcompanies in 2000. The Economic Times reported that it was India's most admired company.Cadbury Committee received all the necessary information from Infosys and the company'scorporate governance practices were fixed as a standard to the other companies to stand as bestmanaged companies in the world.
Corporate governance was established due to the following reasons:
The board members were selected on the basis of their skills, expertise in strategy, technology,finance, human resources, and the capability to guide a high growth, hi-tech software company. Theage criteria are people between 40 and 55 years and should not be board members. Executives ornon-executives for any competitive company of Infosys are not allowed. They should attend, preparefor all board and committee meetings. As a director of Infosys, none of them should be responsibleto interfere with existing and planned future commitments.