Narayana Murthy, one of the seven founders of Infosys, on Tuesday said he was “disappointed” by the board clearing former CEO Vishal Sikka and his management members on issues of corporate governance and irregularities on a $200 million acquisition. “I stand by every question on poor governance raised in my speech to Infosys investors dated August 29, 2017,” Mr. Murthy said in an e-mailed statement. It was set up in 1981 by Mr. Murthy after he borrowed ₹10,000 from his wife. Mr. Murthy was at the head of the company until 2002 and later continued as ‘chief mentor’ and Chairman until 2011. He rejoined Infosys as Executive Chairman in 2013 after the company reported disappointing earnings.

Source: The Hindu October 24, 2017 16:44 UTC