Indian Companies

Few Good Companies

I am sure some of you must have had missed this news. In January this year, Infosys fined its CEO for a technical violation of company’s insider trading rules. The fine of Rs 5 lakh would be donated to charity. And this is the third time that Infosys has penalized a member of its top brass!

At a time when we accept corruption as an unavoidable aberration in our government or other Indian organizations, such a move is a window to a better world. Searching for scapegoats is what most organizations do when faced with a fraud. And companies like Infosys are ready to penalize even their CEO for even unintentional violations of rules and corporate ethics.

Bravo!

Read more: ET, Mint, Rediff