NEW DELHI: Infosys ' former CFO, T V Mohandas Pai today exhorted institutional investors to raise questions about the huge cash pile on the company's books and governance issues, as investors have an obligation to protect their investment. "Capital allocation is very important. Institutional investors should raise those questions. We hope that other institutional investors will also raise their voice because the institutional investors have an obligation to protect their investment," he said.Pai explained that shareholders all over the world ask questions about capital allocation when growth slows down for listed companies, that have too much cash on books. "All over the world, for listed companies when growth slows down and there is too much cash, shareholders will ask what are they doing with the cash...about capital allocations.

Source: Economic Times February 12, 2017 07:30 UTC