Infosys saga: Issues in corporate governance

Intervention by founder-shareholders is not a surprise but use of a public forum to raise issues was

Asish K Bhattacharyya 

Asish K Bhattacharyya Infosys, a global leader in information technology (IT) and consulting, is in the news after its founder-shareholders, who together hold around 13 per cent of the outstanding equity shares, voiced their concern over certain corporate governance issues. A whistle-blower has raised the same issues in a letter to Sebi. They relate to alleged overpayment in the acquisition of Panaya, in which Hasso Plattner, the co-founder of SAP (the company in which Infosys CEO Vishal Sikka worked earlier), had 8.33 per cent shareholding; and the unusually high severance pay of Rs 17.38 crore (Rs 5.2 crore ...

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Infosys saga: Issues in corporate governance

Intervention by founder-shareholders is not a surprise but use of a public forum to raise issues was

Intervention by founder-shareholders is not a surprise but use of a public forum to raise issues was Infosys, a global leader in information technology (IT) and consulting, is in the news after its founder-shareholders, who together hold around 13 per cent of the outstanding equity shares, voiced their concern over certain corporate governance issues. A whistle-blower has raised the same issues in a letter to Sebi. They relate to alleged overpayment in the acquisition of Panaya, in which Hasso Plattner, the co-founder of SAP (the company in which Infosys CEO Vishal Sikka worked earlier), had 8.33 per cent shareholding; and the unusually high severance pay of Rs 17.38 crore (Rs 5.2 crore ... image
Business Standard
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