BENGALURU: The anonymous whistleblower, who had prior to now raised charges of lapses in company governance by the Infosys board underneath its former chairman R Seshasayee, has written a fresh letter to market regulators Sebi and the USA SEC challenging a probe towards the present board led by its chairman Nandan Nilekani for failing to uphold the company’s company governance practices that was the gold same old for the industry.
“I feel the present board led by Nandan Nilekani is a large unhappiness. He has forgotten the core rules of Infosys and did not uphold the best possible traditions of company governance practised by Infosys previous...In doing this, he's obviously shortchanging the investors of Infosys,” the whistleblower said in an electronic mail that was once shared with TOI.
The whistleblower has wondered the timing of the company’s newest disclosure on agreements for mutual unlock of claims that the firm entered into with 3 former board members — Seshasayee, Jeffrey Lehman and John Etchemendy — after they surrender Infosys in August ultimate yr. The whistleblower has also alleged that the company has signed the declare unlock agreements with the former administrators because it found positive wrongdoings within the investigation studies that has so far no longer been made public. “The unlock of which will likely be damning indication on the corporate and those administrators,” the e-mail said. The whistleblower has also raised the problem as to why such an agreement was once no longer signed with former board member Ravi Venkatesan who surrender the board lately. When TOI reached out to Infosys, the company declined to remark on the matter.
Shriram Subramanian, founder and MD of proxy advisory firm InGovern Research Services, said signing a mutual unlock and a non-disparagement agreement is a standard practice in the USA.
“I feel the present board led by Nandan Nilekani is a large unhappiness. He has forgotten the core rules of Infosys and did not uphold the best possible traditions of company governance practised by Infosys previous...In doing this, he's obviously shortchanging the investors of Infosys,” the whistleblower said in an electronic mail that was once shared with TOI.
The whistleblower has wondered the timing of the company’s newest disclosure on agreements for mutual unlock of claims that the firm entered into with 3 former board members — Seshasayee, Jeffrey Lehman and John Etchemendy — after they surrender Infosys in August ultimate yr. The whistleblower has also alleged that the company has signed the declare unlock agreements with the former administrators because it found positive wrongdoings within the investigation studies that has so far no longer been made public. “The unlock of which will likely be damning indication on the corporate and those administrators,” the e-mail said. The whistleblower has also raised the problem as to why such an agreement was once no longer signed with former board member Ravi Venkatesan who surrender the board lately. When TOI reached out to Infosys, the company declined to remark on the matter.
Shriram Subramanian, founder and MD of proxy advisory firm InGovern Research Services, said signing a mutual unlock and a non-disparagement agreement is a standard practice in the USA.
Whistleblower slams Infy board, again
![Whistleblower slams Infy board, again]()
Reviewed by Kailash
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May 25, 2018
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