103rd Day Of Lockdown

Maharashtra2000641080828671 Tamil Nadu107001605921450 Delhi97200682563004 Gujarat35398254141926 Uttar Pradesh2655418154773 Telangana2231211537288 Karnataka215499246335 West Bengal2123114166736 Rajasthan1953215640447 Andhra Pradesh176998008218 Haryana1654812257260 Madhya Pradesh1460411234598 Bihar11457848888 Assam9800632814 Jammu and Kashmir82465143127 Odisha7316535333 Punjab56683989149 Kerala4594243626 Chhatisgarh3065241414 Uttarakhand2791190937 Jharkhand2339160512 Tripura140110931 Manipur13166390 Goa11984783 Himachal Pradesh9796179 Puducherry73930112 Nagaland5351820 Chandigarh4593956 Arunachal Pradesh252751 Mizoram1601230 Sikkim101520 Meghalaya50421
Business Companies 10 Feb 2017 Infosys chairman R S ...

Infosys chairman R Seshasayee must resign: ex-CFO V Balakrishnan

DECCAN CHRONICLE
Published Feb 10, 2017, 6:09 pm IST
Updated Feb 10, 2017, 7:09 pm IST
His comments come in backdrop of a 'rift' at Infosys over severance package to former CFO Rajiv Bansal.
Former chief financial officer of Infosys, V Balakrishnan.
 Former chief financial officer of Infosys, V Balakrishnan.

Mumbai: Former Infosys chief financial officer V Balakrishan has demanded that R Seshasayee, incumbent chairman of technology and software major, must resign.

Balakrishnan's comments come in the backdrop of a purported 'rift' that has rocked the Bengaluru-based tech firm over the issue of severance package given to another former CFO Rajiv Bansal.

 

According to media reports, Bansal at the time of quitting the company was given Rs 17.4 crore as a leaving remuneration that according to Infosys' co-founder N R Narayana Murthy was not a standard practice in India's corporate world.

"Communication between important shareholders and the board has broken down and the board should be reconstituted and all concerns should be addressed," Mr Balakrishnan told NDTV.

Earlier, the IT firm had denied any corporate governance lapses has had occurred at the company.

According to NDTV, in January Murthy along with other co-founders Kris Gopalakrishnan and Nandan Nilekani had written to Infosys board raising concerns over huge salary and severance packages.

The company last year gave chief executive Vishal Sikkka a handsome hike and raised his annual remuneration to $11 million that included performance -based varibale pay.

...




ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT