Tue, Feb 14, 2017
Infosys former CFO V Balakrishnan on Monday, said he was disappointed that the company did not offer "concrete answers" on matters like CEO compensation and severance pay to former executives, and insisted that the board need to take the "first step" to address the concerns raised.
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Mon, Feb 13, 2017
After Bansal, Michael Reh, an executive VP, and David Kennedy, legal counsel were given huge severance pays when they decided to quit.
Sikka's participation was confirmed by a company spokesperson saying the event was scheduled much before these developments.
Sun, Feb 12, 2017
"Capital allocation is very important. Institutional investors should raise those questions. They have a duty...Institutional investors should raise questions on governance because it concerns the company's reputation," Pai told PTI in an interview.
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.
Wed, Feb 08, 2017
Last year in May, the company had revealed that it has paid Rs 23.02 crore severance pay, salary and other benefits to outgoing CFO Rajiv Bansal.
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