Infosys admits differences exist between founders and its board
Indias information technology giant Infosys Ltd has denied any lapses in corporate governance. Although the company accepted that there are difference between the board and its founders.
India's information technology giant Infosys Ltd has denied any lapses in corporate governance. Although the company accepted that there are differences between the board and its founders.
In a statement on Friday February 10, 2017, Infosys Ltd said, "The Board receives several inputs from various stakeholders, including the Company's Promoters. The Board gives serious consideration to all these inputs."
It further said, "The Company has an independent and professional Board, whose members possess vast experience. The Independent Directors have no interest other than their commitment to enable this great institution that has been assiduously built by the iconic Founders, to succeed."
HERE.
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