Infosys board members News

Earlier, Murthy had accused Infosys and its board of failing in disclosure and corporate governance norms.

Infosys Chairman R Seshasayee. Watch the full segment for more details.

Former CFO Mohandas Pai. Watch the full segment for more details.

Infosys Chairman R Seshasayee on Tuesday said he has reached out to the company's billionaire co- founders to see that the rift between them and the management over corporate governance issues does not spill into the open.

Even as Infosys management denies allegations on corporate governance deficit, its former chief financial officer T V Mohandas Pai on Tuesday accused it of not disclosing necessary details on Rajiv Bansal's exit with a high severance package of Rs 17.3 crore.

Infosys Chairman R Seshasayee on Monday sought to allay concerns over ex-CFO Rajiv Bansal's severance pay, but admitted that the "judgement" could have differed if circumstances were different or if certain processes had been in place.

Infosys former CFO V Balakrishnan on Monday said he was disappointed that the company did not offer "concrete answers" on matters like CEO compensation and severance pay to former executives, and insisted that the board need to take the "first step" to address the concerns raised.

The astronomical severance pay given to Infosys` former Chief Financial Officer (CFO) Rajiv Bansal was a "judgement" error made by the company board due to a subjective element that guided the drawing up of severance packages, Infosys Chairman R. Seshasayee on Monday

Seeking to allay fears about a boardroom battle in the IT bellwether, Infosys Chairman R Seshasayee on Monday said there is no battle between the board members and promoters of the company.

Infosys Ltd Chief Executive Vishal Sikka attempted on Monday to allay concerns over a corporate governance row between the software services firm and its founders, saying his relations with N.R. Narayana Murthy and co-founders were excellent.

Infosys co-founder N R Narayana Murthy on Monday denied that he had withdrawn his concerns about governance lapses at the firm, saying the Board has to address these "properly" and "full transparency should be displayed and people responsible for it should become accountable".