Infosys appoints Punita Sinha on board; faces flak on Twitter


New Delhi, Jan 15 (PTI): Infosys appointed Punita Kumar Sinha, wife of Union Minister Jayant Sinha, as an Independent Director on its Board, drawing criticism on social media.

In a regulatory filing, India's second-largest software service exporter said it has "appointed Dr. Punita Kumar Sinha as an Independent Director. The appointment is effective from January 14, 2016."

Punita is the Founder and Managing Partner, Pacific Paradigm Advisors, an independent investment advisory and management firm focussed on Asia. She is also a senior advisor and serves as an independent director for several companies. Her husband is Minister of State for Finance in the Narendra Modi government.

An independent director on board of Infosys earned at least Rs 1 crore annually in sitting fee and other remuneration, according to the company's Annual Report for 2014-15.

Netizens took to the twitter to criticise the appointment of wife of a politician on a day when Infosys posted stellar third quarter performance and better revenue guidance for future, beating outlook by bigger rival Tata Consultancy Services (TCS).

"If it is correct for Punita Kumar Sinha w/o Jayant Sinha to take up ind directors post at Infosys, how was Nalini Chidambaram wrong ?," one of the tweets said.

Congress MP Rajeev Shankarrao Satav tweeted, "Infosys Appoints Punita Sinha, Wife of Jayant Sinha, as Director. Clear case of #Nepotism?"

"Her Husband has a Day Job "Union Minister of State, Finance" and She is privy to Govt's Financial Policies," said one Pankaj Tiwari.

Infosys also re-appointed Jeffrey S Lehman as an Independent Director for a term of two years with effect from April 14, 2016 to hold office up to April 13, 2018, and not be liable to retire by rotation.

Lehman's current term of office as an Independent Director expires on April 13, 2016. The appointment is subject to the approval of shareholders, the filing added.

  

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Comment on this article

  • Vincent Rodrigues, Promenade Road,Fraze Town,B'lore 560005

    Fri, Jan 15 2016

    This appointment is quite alarming since Infosys always keep the politicians away

    DisAgree Agree [3] Reply Report Abuse

  • Jossey Saldanha, Mumbai

    Fri, Jan 15 2016

    "Modi Meherbaan Toh Gadha Pehelwan" ...

    DisAgree [2] Agree [12] Reply Report Abuse

  • Veerappa D N , Madikeri

    Fri, Jan 15 2016

    Biwi Ho Tho Aysi.
    Lekin PM saab ko Iska Fikr hee nahi hai.
    Iss liye wo mantriyonki Biwiyonko Director banathe Hai.

    DisAgree [1] Agree [8] Reply Report Abuse

  • Peter, Bangalore

    Fri, Jan 15 2016

    Narayan Murthy's intolerance comments becoming costlier for Infosys.
    Independent director on board of Infosys earns at least Rs 1 crore annually in sitting fee and other remuneration.

    DisAgree [3] Agree [9] Reply Report Abuse

  • Anees, KARKALA

    Fri, Jan 15 2016

    Bhaiyoh,Bhehanoh abb Mere saatwaale MINISTEROAN ki BIWI no 1 ke liye " AANEWALAA ACCHE DIN AAYEGA"

    DisAgree [3] Agree [9] Reply Report Abuse

  • Jossey Saldanha, Mumbai

    Fri, Jan 15 2016

    After destroying the Government Sector they are now eying Private.
    India is truly a BANANA REPUBLIC ...

    DisAgree [11] Agree [15] Reply Report Abuse

  • G Z T Kunte, Udupi

    Fri, Jan 15 2016

    Anyway basically Murthy family is following subtle Pro-Hindutva since the beginning. If you take out the list of organizations who received Donations from Murthy Foundation this fact will be quite clear.

    DisAgree [10] Agree [10] Reply Report Abuse

  • Rajesh, Udupi

    Fri, Jan 15 2016

    Pl check thels it of organizations that amir's satyameva jayate benefits...

    DisAgree [4] Agree [9] Reply Report Abuse

  • Mahendra Shetty, Mumbai Mangalore

    Fri, Jan 15 2016

    PRO HINDUTVA ANY PROBLEM?

    WHAT YOU WANT, DONATE MONEY TO ISIS?

    DisAgree [7] Agree [13] Reply Report Abuse

  • Ramakrishna A K , Mangalore

    Fri, Jan 15 2016

    Infosys Narayan Murthy is atoning for his mistake of talking on Intolerance. He is buying peace by giving a post to BJP politician's wife. Because everyone knows how revengeful Modi & Amit Shah are. They never tolerate even a single word against them by any Businessman.

    DisAgree [5] Agree [20] Reply Report Abuse

  • Jossey Saldanha, Mumbai

    Fri, Jan 15 2016

    Once again "Gayi Bhains Paani Mein" ...

    DisAgree [5] Agree [17] Reply Report Abuse


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Title: Infosys appoints Punita Sinha on board; faces flak on Twitter



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