Infosys has faced flak for agreeing to pay former chief financial officer Rajiv Bansal a severance amount of Rs17.38 crore. First, Infosys until now has failed to disclose to the stock exchange or investors with regards to any ongoing investigation by Sebi. Executives have questioned why the company appointed a new head of for audit committee if there had been no wrongdoing. “Infosys has still not explained why it has changed the head of the audit committee. Seshasayee, who stepped down from the Infosys board in August, has repeatedly denied allegations of wrongdoing.

Source: Mint December 06, 2017 15:36 UTC