Infosys co-founder Narayana Murthy said he still reserved his concerns about the corporate governance at the company, even as he affirmed his faith in the board members by saying that they are all good-intentioned people. “People on the Infosys Board are all good intentioned people of high integrity, Infosys Co-founder N R Narayana Murthy on Monday said that even good people sometimes make mistakes and this is one such case.”
Earlier today Vishal Sikka said that Infosys is built on a very strong fabric. He further said that it is a great privilege for him to be a part of this company. He also said that he shares a heartfelt warm relationship with Narayana Murthy. “NRN and I usually talk about Quantum Physics and technology. I meet him five to six times in a year.” Infosys’ co-founder Narayana Murthy’s values inculcated around learnability are important part of the culture, he added.
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Recently Infosys founders N R Narayana Murthy, Kris Gopalakrishnan and Nandan Nilekani wrote to the board last month expressing their concerns over corporate governance with the board, including the quantum of salary hike given to the CEO Vishal Sikka and the size of the severance packages given to two former executives.
While the company board is reported be in alignment with Sikka in their views, the three founders, who together have just about 13% shareholding in the company, had suggested that former board members like T V Mohandas Pai, V Balakrishnan and Marty Subramanian be brought back as directors.
The founders, in their letter, raised questions on certain decisions taken by the company in the last one year, feeling that the board should have been more proactive in questioning the decisions at their end. Currently, Infosys board is led by the non-executive Chairman R Seshasayee.
The founders, in their letter to the board, had said that the board should have upheld the corporate governance standards set by them.
