Monday, August 09, 2010

Face the challenges of a new era

[Economic Times 9 Aug 2010 Succession issues: passing the baton
Though it will be tough to replace Tata & Murthy, the two cos are gearing up for the inevitable 
Infy to begin search for its new Murthy 9 Aug 2010, Pankaj Mishra, ET Bureau. India's second-biggest software exporter will begin finding a replacement for its chairman NR Narayana Murthy from Jan 2011.
BANGALORE: Infosys Technologies will begin the task of finding a replacement for its chairman and chief mentor, NR Narayana Murthy, from January next year, as India’s second-biggest software exporter seeks to pass on the baton to a new crop of leaders. Mr Murthy will retire next year August after he turns 65. …
In a separate but related exercise, the software bellwether has also begun internal discussions on the size and composition of its board and management structure, in the belief that a new approach may be needed to guide the company to face the challenges of a new era. 
At Tata, panel call on successor to be final 9 Aug 2010, Sabarinath M, ET Bureau
MUMBAI: The decision of the five-member panel set up to find the successor to Ratan Tata will be binding on the group’s holding company, Tata Sons.]

Organizations sustain by following fair practices. Sri Aurobindo Ashram, Puducherry faces the Hobson's choice of passing the baton. [TNM]

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