An Analysis of Corporate Governance Imbroglio at Infosys
Keywords:
Corporate Governance, SEBI, Shareholders, Code of ConductAbstract
Corporate governance provides the arrangement through which the objectives of the company are set, and the means of getting those objectives and monitoring performances are determined. Infosys, since a very long time, is considered as a very well governed organisation and its board works on the guidelines and norms provided. In the recent concerns over the issue of governance lapses, Infosys has faced various controversies over different issues since February 2017, these include the concern of shareholders over the huge severance pay to CEO Rajeev, huge pay hikes to then CEO Dr. Vishal Sikka along with Panaya deal and appointment of Punita Kumar Sinha as a director. The present paper studies the actual reasons behind these issues, the effect of the issues and the lessons to be learnt from them.
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