Infosys Denies Governance Lapses, Rift Between Founders, Board - Dollar Advisory Financial Services

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Friday 10 February 2017

Infosys Denies Governance Lapses, Rift Between Founders, Board

Infosys has maintained that all decisions were made "in the overall interest of the company" and that it has made "full disclosures" on all developments. 

However, Infosys' former chief financial officer T V Mohandas Pai has recently said the board should give a detailed answer and not take shelter under "bland" statement that decisions were taken in the interest of the company, which further added to the speculations. 

Defending the board, Infosys today said its team is independent and professional. "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," it added.
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