All India Management Association (AIMA) 2007 M.B.A Marketing Management Business Ethics
Friday, 01 February 2013 11:35Web
Page 8 of 28
Caselet 1
learn the caselet carefully and ans the subsequent questions:
1. On July 31, 2006, Murthy stated that Infosys was started with a vision of global delivery. Analyze Infosys vision statement in terms of ethical problems involved while developing the vision statement? ( 8 marks)
2. Infosys has majority of the board structure and compensation, nomination, investor grievance and audit committees, which are comprised of independent directors. explain. Also explain the other corporate governance initiatives taken by Infosys where it sought to be a global leader. ( 9 marks)
Chief Mentor N.R. Narayana Murthy is as well known as a promoter of corporate governance reform and excellent corporate workplace ethical practices, as he is as the co-founder of Infosys Technologies Ltd., the Mysore-based company that is 1 of India’s new technology leaders. Murthy, who turned 60, is relinquishing key executive positions in the company he co-founded in 1982 to become the enterprise’s Chief Mentor. Much like Bill Gates at Microsoft, Murthy has pioneered a technology revolution and as his corporation has become firmly established and very successful, so he has distanced himself from day-to-day operations.
Infosys, which employs over 58,000 people worldwide, provides consulting and IT services. It is 1 of the pioneers in strategic offshore outsourcing of software services. Murthy is a fervent believer in globalization, a major influence on the thinking of writer Tom Friedman (The World Is Flat: A Brief History of the Twenty-first Century) and a leader of India’s technology revolution. His approach to corporate governance and workplace values has been no less influential on the most dynamic and successful technology companies in India. Infosys highlights its perspectives at www.infosys.com.
On July 31, 2006, Murthy opened the NASDAQ market from his corporate headquarters in Mysore. He said, “Twenty-five years ago, we founded Infosys with a vision of the global delivery model. That vision has been validated as the tide of globalization has swept across the world and businesses are dramatically changing how they run their organizations. Opening the NASDAQ market from India is not only a great honor for Infosys, but also illustrative of the emerging new world.”
The Company’s Vision is: “To be a globally respected corporation that provides best-of breed business solutions, leveraging technology, delivered by best-in-class people.” And, its Mission is: “To achieve our objectives in an environment of fairness, honesty, and courtesy towards our clients, employees, vendors and society at large.”
| Earning: Approval pending. |
