R Seshasayee, Vishal Sikka play down Infosys dispute, defend corporate policies
February 14, 2017:NEW DELHI/BENGALURU/MUMBAI: Infosys BSE -0.70 % board chairman R SeshasayeeBSE 0.43 % and chief executive Vishal Sikka on Monday said the ongoing corporate governance dispute between founders and board members
of the IT firm was “not a battle” even as they went about explaining the company’s stand on various issues to top investors and the public.
Sikka said he shares a “heartfelt” and “warm” relationship with Infosys cofounder Narayana Murthy — who triggered the current standoff by ..
Don't think there is any boardroom battle: Infosys chairman Seshasayee
February 13, 2017:The astronomical severance pay given to Infosys' former Chief Financial Officer (CFO) Rajiv Bansal was a "judgement" error made by the company board due to a subjective element that guided the drawing up of
severance packages, Infosys Chairman R. Seshasayee on Monday.
"In determining the severance package of Bansal when he left the company in October 2015, there was a business judgement by the Board and this amount was agreed to be paid," Seshasayee told reporters here.
"In retrospect, I have no hesitation in saying that this compensation would have been different, had the judgement, made in the circumstances, been different. We had some subjectivity in making this judgement," he said.
Infosys boardroom battle: Sikka reaches out to management team to assuage concerns
11 Feb 2017Amid founders' outcry over alleged corporate governance lapses at Infosys, CEO Vishal Sikka has talked to senior management team to assuage their concerns and advised them not to get distracted by the ongoing tussle.
Confirming this, an official familiar with the development told PTI, "Sikka called the senior management team of the company and spoke to them last night." The official, however, declined to divulge more details. Sikka has reportedly
advised senior management officials not to get distracted by the ongoing spat between the board and the founders, and instead focus on company's business and strategy.