The clean chit to Panaya acquisition is seen as limiting Infosys’s ability to attract external candidates for the CEO’s post that fell vacant when Vishal Sikka quit in August. Photo: MintInfosys Ltd’s decision to give a clean chit to the contentious Panaya acquisition and dismiss allegations of poor corporate governance is being seen as a move to shield itself from any potential legal blowback. “A bigger risk now is the message it sends to an external CEO candidate who may have been considering joining Infosys. Secondly, after Murthy’s claim of wrongdoing in the Panaya deal, most executives of Infosys’s merger and acquisition team have left the company. Executives question why the company appointed a new head of audit committee if there had been no wrongdoing.

Source: Mint October 26, 2017 01:41 UTC