more-inInfosys has classified actions of activist shareholders as a risk factor which may impact its ability to execute strategic priorities. The filing comes in the backdrop of the company’s promoters raising questions on corporate governance standards in the company. Infosys said such actions may result in huge legal fees and public relation costs. Further, Infosys said it could affect client and investor sentiment, resulting in volatility in the price of its securities. ‘Significant costs’“Responding to actions by activist shareholders can divert the attention of our board of directors, management and our employees and disrupt our operations.

Source: The Hindu June 13, 2017 15:22 UTC