Engaging with shareholders on governance standards: Infosys

On August 24, the then chairman R Seshasayee quit and co-founder Nandan Nilekani was named non-executive chairman.

Even as Infosys struggles to put behind acrimony between founders and former Board members, the company says it is engaging with shareholders to ensure high governance standards.
 
The founders had demanded the reconstitution of the Board, citing a variety of reasons. 
 
Last week, founder N R Narayana Murthy expressed his concerns over the poor governance of the previous board. 
 
On August 24, the then chairman R Seshasayee quit and co-founder Nandan Nilekani was named non-executive chairman.
 
"As announced on August 25, 2017, the company has started engaging in broad-based shareholder consultations to determine what further actions, if any, the company can take to ensure that it continues to adhere to high governance standards," Infosys said in aBSE filing.
 
On August 18, Infosys CEO Vishal Sikka had quit from the position of MD and CEO citing continuous personal attacks on him for past few months, which had been distracting him from carrying out his responsibilities.
 
Source: PTI

Event date: 
Monday, September 4, 2017

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