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Infosys Board News

13 Sep 2021

Infosys completes buyback of 5.58 crore shares worth Rs 9,200 crore

The shares were bought back at a volume-weighted average price of Rs 1,648.53 per equity share. The highest price at which the equity shares were bought back was Rs 1,750. Infosys board had approved an up to Rs 9,200 crore buyback plan.

Infosys former chairman

01 Sep 2017

Narayana Murthy's charges patently false, slanderous: Infosys ex-chairman

R Seshasayee said that he had always been candid and truthful in all his statements concerning Infosys.

29 Aug 2017

Key concern was board's poor governance, not personal gain: Narayana Murthy

Murthy said the lesson learnt from the entire episode is that when there is a cloud around how the organisation is being governed, one must speak up.

29 Aug 2017

Poor governance practised by previous board of Infosys was my main concern: Murthy

Murthy said he hoped the company`s management would rally behind Nandan Nilekani who was named as non-executive chairman last week.

Vishal Sikka resigns

25 Aug 2017

Not right for me to hang on after Nilekani's return: Vishal Sikka

Sikka's resignation as CEO last week escalated the tensions between the founders and the management of India's second largest software company. He was then named Vice- Chairman.

Infosys Chairman

25 Aug 2017

New Infosys chairman Nandan Nilekani to focus on CEO search, strategy

Infosys shares plumbed a more than three-year low on Monday but have risen since on expectations of Nilekani`s return.

Nandan Nilekani

25 Aug 2017

Nandan Nilekani vows to repair Infosys, Murthy relations; stabilise company

Nilekani has been called in to steer Infosys after chairman R Seshasayee and three other directors quit, meeting the key demand of founder group led by N R Narayana Murthy.

25 Aug 2017

Infosys board terms past differences with Murthy 'unfortunate'

The company said in a statement, read out by Nilekani, that the Board is focused on the future, consistent with the commitment to good governance.

Nandan Nilekani

25 Aug 2017

Focus on stability, have no discordant voices at Infosys: Nilekani

Nandan Nilekani, who was named Infosys Non-executive Chairman last night, today said that he will be able to offer more details of the strategy in October and is focussed on bringing "complete stability".

24 Aug 2017

Address issues raised by Murthy with facts: Former Infosys employees write to Board

Longevity of the organization has been his ambition and driving force, founded on the cornerstone of a strong value system, they said.

22 Aug 2017

Infosys board blaming Murthy to hide own failures: Bala

Former Infosys CFO V Balakrishnan on Tuesday said the board of the IT major is blaming co-founder N R Narayana Murthy over Vishal Sikka's exit as CEO "just to hide its own failures".

18 Aug 2017

Infosys Board blames Narayana Murthy's continuous assault for Vishal Sikka's exit

In a strongly worded statement, the country's second largest software services firm defended Sikka's performance saying under him, Infosys has delivered profitable revenue growth.

03 Apr 2017

Infosys justifies COO pay hike, says effective rise only 1.4%

Infosys on Monday vehemently defended the hike in its COO UB Pravin Rao's compensation, saying the revision was arrived at after benchmarking against peers.

03 Apr 2017

Pay hike for top executive terrible, says ex-CFO Balakrishnan

Echoing co-founder N R Narayana Murthy's view, former Infosys CFO V Balakrishnan today said a pay hike for a top executive is "terrible for any leadership" when subordinates were being asked to "sacrifice" on wages.

03 Apr 2017

Fresh row at Infosys: Compensation hike to COO Pravin Rao not proper, says Narayana Murthy

In a letter that was released to media, he also said that given the current poor governance standards at Infosys, the targets for variable pay may not be adhered to if the board wants to favor a top management person.

23 Feb 2017

Infosys board approves hike in COO Pravin Rao's salary

Infosys on Thursday said its board has approved pay hike of its Chief Operating Officer U B Pravin Rao.

Infosys founders

15 Feb 2017

'Shadow of founders tends to loom over Boards, incumbents'

The public spat between Infosys founders and its Board has triggered a debate whether it is possible for people to distance themselves from the company they create, with industry experts saying it tends to be a tightrope walk.

14 Feb 2017

Compensation given to Vishal Sikka was not much : Infosys Chairman R Seshasayee

Infosys Chairman R Seshasayee. Watch the full segment for more details.

14 Feb 2017

Infosys management did not make timely disclosures: Former CFO Mohandas Pai

Former CFO Mohandas Pai. Watch the full segment for more details.

14 Feb 2017

Infosys Chairman Seshasayee reaches out to founders, tries to contain damage

Infosys Chairman R Seshasayee on Tuesday said he has reached out to the company's billionaire co- founders to see that the rift between them and the management over corporate governance issues does not spill into the open.

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