A large shareholder writes a letter, the board directly engages with them, change the board, change the strategy and move on. And the way increased Vishal Sikka’s salary, a substantial increase without any explanation.And there were a lot of other governance issues that the board has not handled well. They have never addressed any of the shareholders’ issue. The Board has not addressed governance issues. I think the Board needs to see some sense and handle this much more elegantly.
Source: Economic Times February 10, 2017 11:26 UTC