BENGALURU: Generous stock-based incentives<\/a> boosted the total compensation of four senior executives at Infosys<\/a> by over 50% in the previous fiscal year, according to the annual report of India’s second-largest software services company, which also announced the creation of a ‘committee of directors’ tasked with advising the management. 班加罗尔:慷慨股权激励机制提高了四个高管的薪酬总额印孚瑟斯50%以上在上一财政年度,据印度第二大软件服务公司的年度报告,也宣布建立一个委员会的董事负责咨询管理。
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\nThe report for fiscal 2017 shows that presidents Rajesh Murthy, Sandeep Dadlani and Mohit Joshi, and deputy chief operating officer Ravi Kumar S each received total compensation of over Rs 14 crore. The increase, over the compensation in fiscal 2016, was mainly in the form of performance-based stock incentives that will vest over four years.
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Such hikes in executive compensation based on variable pay and stock incentives — which Infosys regards as a tool to make the company more competitive —has been one of the subjects of heated debate roiling the firm in recent months. Last month, founder NR Narayana Murthy<\/a> had expressed anger over the steep hike in compensation to chief operating officer UB Pravin Rao<\/a>.
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\nIn fiscal 2017, Rao’s total compensation rose to Rs 11.80 crore from Rs 8.14 crore, including incentives. Rao, based in Bengaluru, earns less than the presidents, who are posted abroad and earn salaries denominated in foreign currency. The annual report said the ‘committee of directors’, which includes co-chairmen R Seshasayee and Ravi Venkatesan as well as board member DN Prahlad, “will support and advise the management in executing the company’s strategy”.
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\nMINUS STOCK INCENTIVES, PAY FELL 12-25%<\/strong>
\nShareholder advisory firms are of the view that while “unusual”, the move is not “unheard of ”. “It will be interesting to see what the exact role of the committee will be,” said Shriram Subramanian, MD of shareholder advisory firm InGovern, who expects more questions to be raised at the annual general body meeting about the actual duties of the committee.
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The previous AGM, in June 2016, had seen shareholders question the pay hike given to CEO Vishal Sikka<\/a>, though they approved the increase in a vote. Infosys also received their approval for increase in COO Rao’s compensation, which included annual fixed salary of Rs 4.62 crore, annual variable compensation of Rs 3.87 crore and performance based stock options of Rs 4 crore. Murthy had slammed Rao’s compensation increase . Infosys had defended Rao’s hike. “It is essential for us to see this revision in his compensation, as with several of our senior leadership team, is focused on making Infosys more competitive, is benchmarked against peers,” said Sikka in a statement in April.
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\nExcluding the stock incentives, the company’s top executives, including Rao, saw their fiscal 2017 remuneration fall by 12-25%. Chief financial officer MD Ranganath’s total compensation rose over 40% to Rs 9.25 crore. He was granted Rs 4.5 crore in stock incentives. Excluding the stock incentives, his remuneration for the year dropped 26%. Infosys has been battling a slew of issues — including questions on governance standards and slowing industry growth.
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It<\/a> is also dealing with the fallout of former chief financial officer Rajiv Bansal<\/a>’s outsized severance, which has been termed ‘hush money’. The annual report did not address that issue. The stock-based compensation increases come at a time when rank-and-file employees have yet to receive their annual hike. Infosys has delayed salary hikes for fiscal 2018 until July for junior employees while senior employees will see an even longer delay, Rao told employees in an email two weeks ago.
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Murthy had said blame for the company’s troublesome remuneration policies lay with the board and had suggested Prahlad be named head of the nomination and remuneration committee. While Prahlad has a seat on the remuneration committee, he was not named chairman. Indian IT employees are facing an uncertain future. IT companies have been aggressive in letting go of non-performers in their annual appraisals and hikes across the industry will be in single digits as growth is harder to come by. Nasscom<\/a> has delayed releasing a growth target for fiscal 2018. \n<\/p><\/body>","next_sibling":[{"msid":58823568,"title":"Airtel upgrades 4G network in Andhra Pradesh and Telangana using dual carrier technology","entity_type":"ARTICLE","link":"\/news\/airtel-upgrades-4g-network-in-andhra-pradesh-and-telangana-using-dual-carrier-technology\/58823568","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":58824017,"entity_type":"ARTICLE","title":"Infosys hands out a bounty to 4 top executives; payouts up 50%","synopsis":"The increase, over the compensation in fiscal 2016, was mainly in the form of performance-based stock incentives that will vest over four years.","titleseo":"telecomnews\/infosys-hands-out-a-bounty-to-4-top-executives-payouts-up-50","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}}],"Alttitle":{"minfo":""},"artag":"ET Bureau","artdate":"2017-05-24 16:19:59","lastupd":"2017-05-24 16:23:12","breadcrumbTags":["Infosys","IT","Nasscom","NR Narayana Murthy","Rajiv Bansal","Vishal Sikka","payouts","UB Pravin Rao","stock-based incentives","Enterprise IT"],"secinfo":{"seolocation":"telecomnews\/infosys-hands-out-a-bounty-to-4-top-executives-payouts-up-50"}}" data-authors="[" jochelle mendonca"]" data-category-name="" data-category_id="" data-date="2017-05-24" data-index="article_1">
2017财年报告显示,总统Rajesh没吃,Sandeep Dadlani Mohit Joshi和副首席运营官拉维·库马尔年代每个收到总薪酬超过14个卢比。薪酬的增加,在2016财政年度,主要是业绩股票激励的形式,将在四年背心。
这样提高高管薪酬基于可变工资和股票激励——印孚瑟斯视为一种工具,以使公司更具竞争力——是一个激烈辩论的话题席卷公司在最近几个月。上个月,创始人NR Narayana没吃表达了愤怒,大幅提高补偿首席运营官吗乌兰巴托普拉文·拉奥。
在2017财年,饶总薪酬上升至11.80卢比从8.14卢比,包括激励机制。Rao在班加罗尔,挣不到总统,张贴在国外和赚取工资是以外币计价的。年度报告说,委员会的董事,其中包括主席R Seshasayee Ravi文卡特斯以及董事会成员DN普拉拉德,“将支持和建议的管理执行公司的战略”。
-股票激励,薪酬下降了12 - 25%
股东咨询公司认为,尽管“不寻常”,此举并非“闻所未闻”。“这将是有趣的,看看具体的角色委员会将“Shriram萨勃拉曼尼亚表示,咨询公司InGovern MD的股东,他预计更多的问题在年度股东提高身体的实际关税委员会会议。
股东年会之前,2016年6月,见过股东质疑加薪给CEOVishal Sikka,尽管他们投票批准了增加。印孚瑟斯首席运营官也得到了他们的批准增加饶的补偿,包括年度固定工资的4.62卢比,每年3.87卢比的可变薪酬和绩效股票期权4卢比。没吃过抨击饶的薪酬增加。印孚瑟斯辩护饶的徒步旅行。”对我们来说是至关重要的看到这个修正补偿,与几种高级领导团队,专注于使印孚瑟斯更具竞争力,在同行之中为基准,“Sikka说4月份在一份声明中。
不包括股票激励,公司的高管,包括饶,看到他们2017财年的薪酬下降12 - 25%。首席财务官MD Ranganath的总薪酬上涨40%,至9.25卢比。他被授予4.5卢比的股票奖励。不包括股票激励,他的报酬下降了26%。印孚瑟斯已经在一系列的问题,包括问题的治理标准和行业增长放缓。
它也是处理前首席财务官的后果吗拉吉夫·邦萨尔的巨额遣散费,被称为“封口费”。年度报告没有解决这个问题。股票补偿增加之际,普通员工还没有收到他们的年度远足。印孚瑟斯推迟工资上涨2018财年直到7月对初级员工,高级雇员将看到一个更长的时间延迟,饶两周前在一封电子邮件中告诉员工。
默菲说公司的麻烦归咎于薪酬政策与董事会和曾建议普拉拉德被命名为提名与薪酬委员会。虽然普拉拉德有薪酬委员会的一个席位,他没有被任命为主席。印度IT员工正面临一个不确定的未来。这个公司一直积极地放开未完成任务者在他们的年度考核和提高整个行业将在个位数增长更难得到。行业协会已经延迟发布2018财年增长目标。
BENGALURU: Generous stock-based incentives<\/a> boosted the total compensation of four senior executives at Infosys<\/a> by over 50% in the previous fiscal year, according to the annual report of India’s second-largest software services company, which also announced the creation of a ‘committee of directors’ tasked with advising the management.
\n
\nThe report for fiscal 2017 shows that presidents Rajesh Murthy, Sandeep Dadlani and Mohit Joshi, and deputy chief operating officer Ravi Kumar S each received total compensation of over Rs 14 crore. The increase, over the compensation in fiscal 2016, was mainly in the form of performance-based stock incentives that will vest over four years.
\n
Such hikes in executive compensation based on variable pay and stock incentives — which Infosys regards as a tool to make the company more competitive —has been one of the subjects of heated debate roiling the firm in recent months. Last month, founder NR Narayana Murthy<\/a> had expressed anger over the steep hike in compensation to chief operating officer UB Pravin Rao<\/a>.
\n
\nIn fiscal 2017, Rao’s total compensation rose to Rs 11.80 crore from Rs 8.14 crore, including incentives. Rao, based in Bengaluru, earns less than the presidents, who are posted abroad and earn salaries denominated in foreign currency. The annual report said the ‘committee of directors’, which includes co-chairmen R Seshasayee and Ravi Venkatesan as well as board member DN Prahlad, “will support and advise the management in executing the company’s strategy”.
\n
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\n
\n
\n
\n
\nMINUS STOCK INCENTIVES, PAY FELL 12-25%<\/strong>
\nShareholder advisory firms are of the view that while “unusual”, the move is not “unheard of ”. “It will be interesting to see what the exact role of the committee will be,” said Shriram Subramanian, MD of shareholder advisory firm InGovern, who expects more questions to be raised at the annual general body meeting about the actual duties of the committee.
\n
The previous AGM, in June 2016, had seen shareholders question the pay hike given to CEO Vishal Sikka<\/a>, though they approved the increase in a vote. Infosys also received their approval for increase in COO Rao’s compensation, which included annual fixed salary of Rs 4.62 crore, annual variable compensation of Rs 3.87 crore and performance based stock options of Rs 4 crore. Murthy had slammed Rao’s compensation increase . Infosys had defended Rao’s hike. “It is essential for us to see this revision in his compensation, as with several of our senior leadership team, is focused on making Infosys more competitive, is benchmarked against peers,” said Sikka in a statement in April.
\n
\nExcluding the stock incentives, the company’s top executives, including Rao, saw their fiscal 2017 remuneration fall by 12-25%. Chief financial officer MD Ranganath’s total compensation rose over 40% to Rs 9.25 crore. He was granted Rs 4.5 crore in stock incentives. Excluding the stock incentives, his remuneration for the year dropped 26%. Infosys has been battling a slew of issues — including questions on governance standards and slowing industry growth.
\n
It<\/a> is also dealing with the fallout of former chief financial officer Rajiv Bansal<\/a>’s outsized severance, which has been termed ‘hush money’. The annual report did not address that issue. The stock-based compensation increases come at a time when rank-and-file employees have yet to receive their annual hike. Infosys has delayed salary hikes for fiscal 2018 until July for junior employees while senior employees will see an even longer delay, Rao told employees in an email two weeks ago.
\n
Murthy had said blame for the company’s troublesome remuneration policies lay with the board and had suggested Prahlad be named head of the nomination and remuneration committee. While Prahlad has a seat on the remuneration committee, he was not named chairman. Indian IT employees are facing an uncertain future. IT companies have been aggressive in letting go of non-performers in their annual appraisals and hikes across the industry will be in single digits as growth is harder to come by. Nasscom<\/a> has delayed releasing a growth target for fiscal 2018. \n<\/p><\/body>","next_sibling":[{"msid":58823568,"title":"Airtel upgrades 4G network in Andhra Pradesh and Telangana using dual carrier technology","entity_type":"ARTICLE","link":"\/news\/airtel-upgrades-4g-network-in-andhra-pradesh-and-telangana-using-dual-carrier-technology\/58823568","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":58824017,"entity_type":"ARTICLE","title":"Infosys hands out a bounty to 4 top executives; payouts up 50%","synopsis":"The increase, over the compensation in fiscal 2016, was mainly in the form of performance-based stock incentives that will vest over four years.","titleseo":"telecomnews\/infosys-hands-out-a-bounty-to-4-top-executives-payouts-up-50","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}}],"Alttitle":{"minfo":""},"artag":"ET Bureau","artdate":"2017-05-24 16:19:59","lastupd":"2017-05-24 16:23:12","breadcrumbTags":["Infosys","IT","Nasscom","NR Narayana Murthy","Rajiv Bansal","Vishal Sikka","payouts","UB Pravin Rao","stock-based incentives","Enterprise IT"],"secinfo":{"seolocation":"telecomnews\/infosys-hands-out-a-bounty-to-4-top-executives-payouts-up-50"}}" data-news_link="//www.iser-br.com/news/infosys-hands-out-a-bounty-to-4-top-executives-payouts-up-50/58824017">
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