The Newest Model: Infosys reinvents India’s corporate culture, valuing data and democracy over old family ties.

Infosys, which is a plus technology-services giant, has declared to become the epitome of the modern, professionally managed Indian firm, with a culture of meritocracy based on the idea that anyone could be boss. The founders of the firm take turns to become CEO and retire at the age of 60. They set out some rules, common values, and structure, believing that having those would make a firm successful. Compulsory retirement at the age of 60 is one of the rules. Some founders retire and still take part in the firm activities. Unlike other CEO’s who are being regarded as emperor in the US, Infosys’ CEO is the one who presides over the issues at a meeting and casts a vote when necessary. But, normally, they do not need to cast a vote because CEO tries to bring a collegial and consensus-based environment that allows the best information to come out. All 8 founders use succinct e-mails to address the issue and resolve. They also believe that by doing such, it’ll save time. Recently, they have decided to expand their divisions, each with its own governing body. Founders believe that by being a democracy like such, the firm will keep on going and carry out principles. I think it is a good idea by having a democratic ambience. It’ll keep the morale of the employees high and be fair. Also, by having some rules and regulations, even applied to the founders, there is going to be a standard that everyone needs to follow and will be well aware of them, which they can also get ready in advance.

Source: TIME Magazine (Dec 31, 2007/ Jan 7, 2008)
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