Infosys: 'Infosys board is working for all shareholders, not just founders' - News Summed Up

Infosys: 'Infosys board is working for all shareholders, not just founders'


CHENNAI: The board and management of tech giant Infosys has "reached out" to clients to assure them that it is business as usual at the Bengaluru-headquartered company.According to people close to the Infosys board, the board and management are making sure there is "no impact" of the ongoing face-off with Infy founders on business and that the company's "obligations to clients remain unaffected". "It's the founders' view point but the board and management feel it should do what is right for the business as a whole," said the source. As for the appointment of Punita Kumar Sinha as independent director to the board -another point of contention with the founders -the source said "it is true some of them abstained (while the matter was put to vote) but she is a very accomplished individual, understands her fiduciary responsibilities and the board feels she brought lot of value to the table. To judge a woman by what her husband does or does not do is very unfair in this day and age. The board is looking at what she brings to the table, not who she is married to," he said.


Source: Times of India February 11, 2017 01:52 UTC



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