Infosys Ltd on Thursday said that the pay hike to the CEO Vishal Sikka was approved by shareholders and was voted favourably by founder Nandan Nilekani, refuting the founders\u2019 concerns about three executives\u2019 high salaries and severance pay, ET Now reported amid the continuously unfolding high drama over corporate governance. The company took precaution of obtaining shareholder approval before implementing CEO compensation, ET Now reported citing unidentified company sources. Nandan Nilekani, one of the three founders who have raised the concerns, had voted in favour of the CEO pay, ET Now report added. Board room \u201cEntire Infosys board is aligned (with Sikka) and backs CEO,\u201d the company sources told ET Now, further strengthening Sikka\u2019s case in the matter. 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 former CFO Rajiv Bansal and former General Counsel David Kennedy. You may also like to watch: EXCL What\u2019s concerning @Infosys founders? @ShereenBhan tells you here. pic.twitter.com\/fRnk6gLMzP \u2014 CNBC-TV18 News (@CNBCTV18News) February 8, 2017 Old guard On its part, Infosys said that the issues raised by the founder group, including CEO compensation, are old, and have been already addressed by the board. \u201cIssue of CEO compensation is being deliberately kept alive,\u201d ET Now report cited the company sources as saying. While the company board is reported be aligned with Sikka\u2019s 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 in order to foster \u2018Infosys values\u2019. 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. None of the original founders is on the board or in executive management position at the company. Severed ties Infosys further defended the severance package given to former CFO Rajiv Bansal by saying that there was no impropriety, and that the high pay was needed for amicable exit. Bansal's severance package amounted to Rs 17.38 crore, equalling his 24 month's pay, Infosys said in a statement last year. In a January filing with the US market regulator, Infosys, which is also listed on Nasdaq, said former general counsel David Kennedy would receive severance payments of $868,250 and other reimbursements over 12 months. You may also like to watch: [jwplayer a5IiLAvG] Flying high Vishal Sikka, who joined Infosys as the CEO in 2014, has his compensation linked to the company\u2019s aim of becoming a $20-billion company by 2021. Sikka\u2019s annual compensation of $11 million is made up of a $3-million fixed salary and a $8-million variable component, which is subject to achieving the targets. Defending Sikka\u2019s activities even further, Infosys said that he did not use the company jet improperly, and that he paid the company the one time his family used it.