Infosys, in a regulatory filing, on Thursday said it had appointed Punita Kumar Sinha, wife of Union minister Jayant Sinha, as an independent director on its board, drawing criticism on social media. Punita is the founder and managing partner, Pacific Paradigm Advisors, an independent investment advisory and management firm, focused on Asia. She is also a senior advisor and serves as an independent director for several companies.
An independent director on a 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 Twitter to criticise the appointment of the wife of a politician on a day when Infosys posted stellar third quarter performance and a better revenue forecast for future, beating the outlook by bigger rival Tata Consultancy Services .Courtesy: PTI
