Fresh conroversy erupted as Global software major Infosys Ltd on Thursday appointed noted investment manager Punita Kumar Sinha, wife of Union Minister of State for Finance Jayant Sinha, as an independent director on its board.

In a regulatory filing to the Bombay Stock Exchange (BSE), the IT bellwether informed that Punita Kumar Sinha was appointed as an independent director with effective from Thursday.
Punita was appointed in place of Carol M Browner, who resigned as a board member on November 2015.
In a brief profile in the filing, the company failed to mention that Punita’s husband is a minister in the NDA government at the centre. Jayant Sinha is the son of former finance and external affairs minister Yeshwant Sinha in the previous NDA government (1999-2004).
Punita is former senior managing director at The Blackstone Group.
In the past Infosys has been known for transparency and highest corporate governance, but the fact that it buried the news about Punita’s appointment on page four of the seven-page press release on its third quarterly results under ‘Board Changes’ in one line, no detail about her was mentioned in it.
Punita is also a founder and managing partner of Pacific Paradigm Advisors, an independent investment advisory and management firm, focussed on Asia.While Punita’s skills in financial sector cannot be questioned , but the way Infosys has handled her appointment and started a fresh controversy has raised questions.
Punita’s appointment and its announcement without details came under flak in the social media, as she is a wife of a central minister with an important portfolio (finance).
Congress MP Rajeev Shankarrao Satav tweeted, “Infosys Appoints Punita Sinha, Wife of Jayant Sinha, as Director. Clear case of #Nepotism?”
“Maybe Giriraj Singh’s wife will become Tech Mahindra Independent Director ..How about Sadvi Prachi in TCS? #Nepotism has no end here” tweeted Shubankar Mukherjee as the social media went abuzz with the news. Visit ronw routinewealth.