Infosys were "very bad" on the large severance payments made in last few years. The Board takes the collective responsibility but the responsibility lies mainly at the door of the Chairman," he said. Its former general counsel David Kennedy received severance payments of USD 868,250 (Rs 5.8 crore) and other reimbursements over 12 months. Citing the example of Cognizant, he said it is a global practice that the Board takes immediate action on concerns raised by shareholders. When a large shareholder raises some concerns, they have to engage with them and address the concern," Balakrishnan said.

Source: dna February 12, 2017 08:32 UTC