MUMBAI: Cyril Amarchand Mangaldas , the law firm hired by Infosys to review its corporate governance practices, may have a conflict of interest in this assignment. “Our external strategic advisory board, of which Mr Murthy is an honorary member, guides the firm on overall direction and highend strategy, with no reference to any client or professional matters. We have been advisors to the Infosys board for several years (long preceding Mr Murthy’s appointment on the board) and enjoy a long-standing relationship of trust with the company and its board. The board is fully aware of Mr Murthy’s position on the advisory board and there is no conflict,” said Shroff.He added that Infosys hired the law firm to provide expert professional advice. Murthy and other founders had raised concerns over corporate governance practices at Infosys, especially with regard to the huge severance pays given to some departing employees.

Source: Economic Times February 12, 2017 19:30 UTC