\"\"BENGALURU: Concerted efforts are underway to ensure that the trouble brewing at Infosys, India’s second-largest software services company, does not flare out of control, according to two people aware of the developments who also said that among those involved is a prominent investor in the company — Baburaj Pillai.
\n
\nReports of disputes over “internal governance issues” between some of the company’s founders and a management keen on charting a new path have spurred efforts to broker peace by the Singapore-based fund manager as well as other influential people, said the sources cited above.
\n
Pillai, the founder of investment firm Arohi Capital, met with co-founder NR Narayana Murthy<\/a> and chief executive officer Vishal Sikka<\/a> late last year, according to people aware of the talks.
\n
\n“Pillai met with both of them to try and create common ground. He does not want Sikka to be forced to leave and he also does not want Murthy to feel as though his voice is not important,” said one of the people aware of the discussions.
\n
\nPillai did not respond to an email seeking comment. There was no response to messages left by ET on his firm’s telephone number.
\n
\n“With regard to concerns on governance being discussed in the media, we would like to reiterate that all decisions have been made bona fide, in the overall interest of the company, and that full disclosures have already been made thereon,” Infosys said in a statement.
\n
\nFounders are upset<\/strong>
Infosys cofounders Murthy and Nilekani did not reply to emailed queries. Cofounder
Kris Gopalakrishnan<\/a> declined to comment, saying, “As a policy, I don’t comment on Infosys at all.”
\n
\nTogether, Infosys’ promoters own just under 13% of the company. Pillai had previously written to Infosys’ board in 2013, asking it to bring Murthy back.
\n
\nAfter a brief stint at the helm, Murthy stepped down when the company appointed Sikka as CEO in 2014. This time round, Pillai has a wide gap to bridge. Sources say some founders are upset with what they see as “internal governance issues” and the inability of the board to guide the company.
\n
\nTrouble has been brewing for over a year and the large severance paid to former CEO Rajiv Bansal, disclosed in 2016, and Sikka’s revised $11million compensation brought matters to a head.
\n
\nSome promoters were also upset with the appointment of Punita Kumar-Sinha, an investment banker and wife of Union minister Jayant Sinha, as an independent director. But at the heart of the growing dispute between some of Infosys’ promoters and the management is what the founders believe to be a violation of “core Infosys values”.
\n
\nSome of the founders have held the board responsible for what they perceive to be its inability to enforce governance norms. In July 2016, one of Infosys’ prominent promoters reached out to a top legal professional in Mumbai.
\n
\nThe agenda: to hunt for a co-chairman for Infosys. This, despite the fact that R Seshasayee had been serving as Infosys non-executive chairman for just a year, since his appointment in June 2015.
\n
\n“The idea was to look for someone who understood core values of Infosys,” said an executive.
\n
\nA few names were thrown up as candidates, including a former Infosys finance hotshot and a retired founder. But the idea fizzled out as Seshasayee stepped down on July 28 as non-executive vice-chairman of Ashok Leyland — a post he had held since 2011— to focus on Infosys.
\n
\nIn October, DN Prahlad, an old Infosys hand, was brought on board as an independent director. Infosys has been battling concerns that it has two power centres, with senior executives sometimes being called upon to brief a few promoters informally about the working of the company, according to an Infosys executive who declined to be identified.
\n
\n“The board receives suggestions and inputs from various stakeholders, including promoters, which are evaluated with due importance. The company will continue to be guided by the overall interests of all stakeholders,” Infosys said in a statement.
\n
\nSituation not irredeemable<\/strong>
\nIndustry experts say the situation is not yet past the point of no return. “The end goal is the promoters, the board and the management should be aligned. I don’t think the situation is irredeemable.
\n
\nIf the founders air their problems, this could still be resolved. This isn’t like the Tata case,” Shriram Subramanian, MD of shareholder advisory firm InGovern, told ET.
\n
\nBut he added that the company would have to start being more transparent about its decisions to let go of its chief compliance officer in December and its severance policies.
\n
\nIn the past month, Infosys has been making changes to its disclosure policies, its insider trading policy and has bulked up its corporate governance handbook. Its previous insider trading policy stated that pre-clearance of trading rules did not apply to any trade with a value of less than Rs 5 lakh provided that the designated person was not in possession of unpublished price-sensitive information.
\n
\nIn the company’s updated policy, that minimum value has been deleted, implying that all trades — regardless of size — have to be pre-cleared. Last month, Infosys disclosed that its independent director Ravi Venkatesan had inadvertently violated its insider trading policy while its trading window was closed.\n\n<\/body>","next_sibling":[{"msid":57052201,"title":"Nuance Communications acquires Noida-based mCarbon Tech for $36 million","entity_type":"ARTICLE","link":"\/news\/nuance-communications-acquires-noida-based-mcarbon-tech-for-36-million\/57052201","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":57052241,"entity_type":"ARTICLE","title":"Efforts underway to ensure that trouble brewing at Infosys does not flare out of control","synopsis":"Industry experts say the situation is not yet past the point of no return. \u201cThe end goal is the promoters, the board and the management should be aligned.","titleseo":"telecomnews\/efforts-underway-to-ensure-that-trouble-brewing-at-infosys-does-not-flare-out-of-control","status":"ACTIVE","authors":[{"author_name":"Jochelle Mendonca","author_link":"\/author\/479231167\/jochelle-mendonca","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479231167.cms?width=100&height=100&hostid=268","author_additional":{"thumbsize":true,"msid":479231167,"author_name":"Jochelle Mendonca","author_seo_name":"jochelle-mendonca","designation":"Assistant Editor - Enterprise IT","agency":false}},{"author_name":"TV Mahalingam","author_link":"\/author\/479218791\/tv-mahalingam","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479218791.cms?width=100&height=100&hostid=268","author_additional":{"thumbsize":false,"msid":479218791,"author_name":"TV Mahalingam","author_seo_name":"tv-mahalingam","designation":"Correspondent","agency":false}}],"Alttitle":{"minfo":""},"artag":"ET Bureau","artdate":"2017-02-09 09:05:44","lastupd":"2017-02-09 09:08:17","breadcrumbTags":["Infosys Limited ","NR Narayana Murthy","Kris Gopalakrishnan","Vishal Sikka","Enterprise IT"],"secinfo":{"seolocation":"telecomnews\/efforts-underway-to-ensure-that-trouble-brewing-at-infosys-does-not-flare-out-of-control"}}" data-authors="[" jochelle mendonca","tv mahalingam"]" data-category-name="" data-category_id="" data-date="2017-02-09" data-index="article_1">

正在努力确保麻烦在印孚瑟斯不会爆发失控

业内专家表示尚未过去,只能进不能退的地步。“最终目标是推动者,董事会和管理应该是一致的。

Jochelle Mendonca 电视Mahalingam
  • 更新于2017年2月9日09:08点坚持
班加罗尔:正在共同努力,确保在酝酿麻烦在印孚瑟斯,印度第二大软件服务公司,不爆发失控,据两位人意识到发展还表示,其中是一个杰出的投资者参与公司——Baburaj皮拉伊。

争议的报道“内部治理问题”的一些公司的创始人和管理层之间热衷于制定一项新的职业道路促使新加坡代理和平的努力的基金经理以及其他有影响力的人,上面引用的消息来源说。

皮拉伊,投资公司的创始人Arohi首都会见了创始人之一NR Narayana没吃兼首席执行官Vishal Sikka去年年底,据了解谈判的人士。

“皮拉伊会见了他们两人试图建立共识。他不希望Sikka被迫离开,他也不希望没吃觉得他的声音并不重要,”其中一个说的人意识到讨论。

皮拉伊没有回复寻求置评的电子邮件。没有回应消息留下等他公司的电话号码。

“关于在治理的担忧正在讨论在媒体报道中,我们想重申,所有决定了善意,在公司的整体利益,充分披露已经上了,“印孚瑟斯在一份声明中说。

创始人感到不安
印孚瑟斯联合创始人没吃和尼勒卡尼没有回复电子邮件查询。创始人之一克丽丝葛拒绝置评,说:“作为一项政策,我不评论印孚瑟斯。”

在一起,印孚瑟斯的启动子自己的略低于13%的股份。皮拉伊曾写信给印孚瑟斯的董事会在2013年,让它把没吃带回来。

经过短暂掌舵,没吃公司任命Sikka辞去首席执行官在2014年。这一次,皮拉伊桥有差距。消息人士称一些创业者感到不安与他们所看到的“内部治理问题”和公司董事会无法引导。

麻烦已经酝酿了一年多,大型遣散费支付给前任首席执行官拉吉夫•邦萨尔透露,2016年Sikka修订后的1100万美元补偿带来的问题。

一些推动者也很不满的任命Punita Kumar-Sinha,一个投资银行家和联盟部长Jayant Sinha的妻子作为独立董事。但越来越多的争端的核心印孚瑟斯的发起人和管理是创始人认为违反Infosys“核心价值观”。

一些创始人举行董事会负责他们认为是其无法执行治理规范。2016年7月,印孚瑟斯的著名倡导者伸出在孟买最高法律专业。

议程:寻找印孚瑟斯的联合主席。这一点,尽管R Seshasayee一直担任印孚瑟斯非执行主席仅为一年,自2015年6月他的任命。

“想法是寻找理解核心价值观印孚瑟斯的人,”一名高管表示。

几名被作为候选人,包括前印孚瑟斯财政能人和退休的创始人。但计划失败了Seshasayee 7月28日辞去非执行副主席Ashok Leyland——一篇他举行了自2011年以来专注于印孚瑟斯。

10月份,DN普拉拉德,老印孚瑟斯的手,是作为一个独立董事。印孚瑟斯已经与担心,它有两个权力中心,与高管有时被称为在短暂几推动者非正式的工作公司,据印孚瑟斯高管拒绝透露姓名。

“董事会接受建议和输入从不同的利益相关者,包括启动子、评价的重要性。公司将继续遵循所有利益相关者的整体利益,“印孚瑟斯在一份声明中说。

情况并非无可挽回
业内专家表示尚未过去,只能进不能退的地步。“最终目标是推动者,董事会和管理应该是一致的。我不认为这种情况是不可救药的。

如果创始人空气他们的问题,这仍然可以得到解决。这不是像塔塔的情况,”马里兰州Shriram萨勃拉曼尼亚的股东咨询公司InGovern告诉等。

但他补充说,该公司将不得不开始对其决策更加透明的12月首席合规官和遣散费政策。

在过去的一个月,印孚瑟斯一直在修改其信息披露政策,其内幕交易政策,其公司治理的手册。先前内幕交易政策声明,将交易规则并不适用于任何贸易的价值小于Rs 5提供指定的人并不是拥有十万的未经公布的股价敏感资料。

公司的最新政策,最小值已被删除,这意味着所有的交易——无论大小,必须事先审查。上个月,印孚瑟斯透露,其独立董事Ravi文卡特斯无意中违反内幕交易政策,其交易窗口被关闭。
  • 发布于2017年2月9日09:05点坚持
是第一个发表评论。
现在评论

加入2 m +行业专业人士的社区

订阅我们的通讯最新见解与分析。乐动扑克

下载ETTelec乐动娱乐招聘om应用

  • 得到实时更新
  • 保存您最喜爱的文章
扫描下载应用程序
\"\"BENGALURU: Concerted efforts are underway to ensure that the trouble brewing at Infosys, India’s second-largest software services company, does not flare out of control, according to two people aware of the developments who also said that among those involved is a prominent investor in the company — Baburaj Pillai.
\n
\nReports of disputes over “internal governance issues” between some of the company’s founders and a management keen on charting a new path have spurred efforts to broker peace by the Singapore-based fund manager as well as other influential people, said the sources cited above.
\n
Pillai, the founder of investment firm Arohi Capital, met with co-founder NR Narayana Murthy<\/a> and chief executive officer Vishal Sikka<\/a> late last year, according to people aware of the talks.
\n
\n“Pillai met with both of them to try and create common ground. He does not want Sikka to be forced to leave and he also does not want Murthy to feel as though his voice is not important,” said one of the people aware of the discussions.
\n
\nPillai did not respond to an email seeking comment. There was no response to messages left by ET on his firm’s telephone number.
\n
\n“With regard to concerns on governance being discussed in the media, we would like to reiterate that all decisions have been made bona fide, in the overall interest of the company, and that full disclosures have already been made thereon,” Infosys said in a statement.
\n
\nFounders are upset<\/strong>
Infosys cofounders Murthy and Nilekani did not reply to emailed queries. Cofounder
Kris Gopalakrishnan<\/a> declined to comment, saying, “As a policy, I don’t comment on Infosys at all.”
\n
\nTogether, Infosys’ promoters own just under 13% of the company. Pillai had previously written to Infosys’ board in 2013, asking it to bring Murthy back.
\n
\nAfter a brief stint at the helm, Murthy stepped down when the company appointed Sikka as CEO in 2014. This time round, Pillai has a wide gap to bridge. Sources say some founders are upset with what they see as “internal governance issues” and the inability of the board to guide the company.
\n
\nTrouble has been brewing for over a year and the large severance paid to former CEO Rajiv Bansal, disclosed in 2016, and Sikka’s revised $11million compensation brought matters to a head.
\n
\nSome promoters were also upset with the appointment of Punita Kumar-Sinha, an investment banker and wife of Union minister Jayant Sinha, as an independent director. But at the heart of the growing dispute between some of Infosys’ promoters and the management is what the founders believe to be a violation of “core Infosys values”.
\n
\nSome of the founders have held the board responsible for what they perceive to be its inability to enforce governance norms. In July 2016, one of Infosys’ prominent promoters reached out to a top legal professional in Mumbai.
\n
\nThe agenda: to hunt for a co-chairman for Infosys. This, despite the fact that R Seshasayee had been serving as Infosys non-executive chairman for just a year, since his appointment in June 2015.
\n
\n“The idea was to look for someone who understood core values of Infosys,” said an executive.
\n
\nA few names were thrown up as candidates, including a former Infosys finance hotshot and a retired founder. But the idea fizzled out as Seshasayee stepped down on July 28 as non-executive vice-chairman of Ashok Leyland — a post he had held since 2011— to focus on Infosys.
\n
\nIn October, DN Prahlad, an old Infosys hand, was brought on board as an independent director. Infosys has been battling concerns that it has two power centres, with senior executives sometimes being called upon to brief a few promoters informally about the working of the company, according to an Infosys executive who declined to be identified.
\n
\n“The board receives suggestions and inputs from various stakeholders, including promoters, which are evaluated with due importance. The company will continue to be guided by the overall interests of all stakeholders,” Infosys said in a statement.
\n
\nSituation not irredeemable<\/strong>
\nIndustry experts say the situation is not yet past the point of no return. “The end goal is the promoters, the board and the management should be aligned. I don’t think the situation is irredeemable.
\n
\nIf the founders air their problems, this could still be resolved. This isn’t like the Tata case,” Shriram Subramanian, MD of shareholder advisory firm InGovern, told ET.
\n
\nBut he added that the company would have to start being more transparent about its decisions to let go of its chief compliance officer in December and its severance policies.
\n
\nIn the past month, Infosys has been making changes to its disclosure policies, its insider trading policy and has bulked up its corporate governance handbook. Its previous insider trading policy stated that pre-clearance of trading rules did not apply to any trade with a value of less than Rs 5 lakh provided that the designated person was not in possession of unpublished price-sensitive information.
\n
\nIn the company’s updated policy, that minimum value has been deleted, implying that all trades — regardless of size — have to be pre-cleared. Last month, Infosys disclosed that its independent director Ravi Venkatesan had inadvertently violated its insider trading policy while its trading window was closed.\n\n<\/body>","next_sibling":[{"msid":57052201,"title":"Nuance Communications acquires Noida-based mCarbon Tech for $36 million","entity_type":"ARTICLE","link":"\/news\/nuance-communications-acquires-noida-based-mcarbon-tech-for-36-million\/57052201","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":57052241,"entity_type":"ARTICLE","title":"Efforts underway to ensure that trouble brewing at Infosys does not flare out of control","synopsis":"Industry experts say the situation is not yet past the point of no return. \u201cThe end goal is the promoters, the board and the management should be aligned.","titleseo":"telecomnews\/efforts-underway-to-ensure-that-trouble-brewing-at-infosys-does-not-flare-out-of-control","status":"ACTIVE","authors":[{"author_name":"Jochelle Mendonca","author_link":"\/author\/479231167\/jochelle-mendonca","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479231167.cms?width=100&height=100&hostid=268","author_additional":{"thumbsize":true,"msid":479231167,"author_name":"Jochelle Mendonca","author_seo_name":"jochelle-mendonca","designation":"Assistant Editor - Enterprise IT","agency":false}},{"author_name":"TV Mahalingam","author_link":"\/author\/479218791\/tv-mahalingam","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479218791.cms?width=100&height=100&hostid=268","author_additional":{"thumbsize":false,"msid":479218791,"author_name":"TV Mahalingam","author_seo_name":"tv-mahalingam","designation":"Correspondent","agency":false}}],"Alttitle":{"minfo":""},"artag":"ET Bureau","artdate":"2017-02-09 09:05:44","lastupd":"2017-02-09 09:08:17","breadcrumbTags":["Infosys Limited ","NR Narayana Murthy","Kris Gopalakrishnan","Vishal Sikka","Enterprise IT"],"secinfo":{"seolocation":"telecomnews\/efforts-underway-to-ensure-that-trouble-brewing-at-infosys-does-not-flare-out-of-control"}}" data-news_link="//www.iser-br.com/news/efforts-underway-to-ensure-that-trouble-brewing-at-infosys-does-not-flare-out-of-control/57052241">