R. Seshasayee, the country’s second largest IT company Infosys, will retire in May next year. Without them, there is a desire to hand over the command of a company to a distraction to his successor. In the 36th Annual General Meeting (AGM) of Infosys here on Saturday, For the first time in many years, co-founders of the company, including NR Narayana Murthy, did not participate in it. It is another matter that the chairman specifically said there was no tension in the founders and the board of the company.
Remnant said that this is his last AGM before retiring in May 2018. Next year he will be 70 years old. During the remaining tenures, he is committed to further enhancing the standards of governance, improving the shareholder value and handing his successor to the smooth reins. A company spokesman said that no founder or promoter was seen in the AGM. It is not known why they did not come. Besides Murthy, Nandan Nilekani, S. Gopalakrishnan, SD Shibulal, K Dinesh, NS Raghavan and Ashok Arora are co-founders of this IT company. Murthy had accompanied the son Rohan in the last AGM. They did not want investors to be slightly upset.
The founders of the company are annoyed with being offered a huge salary package at the top level. On many occasions, they have also shown it. At the moment, Balasaiya dismissed reports of differences among boards and founders regarding governance and packages at the top level. He said that the relationship between the two is harmonious, clear and respectable.
PM will show Trump the role of Indian IT companies: Infosys CEO Vishal Sikka said in an interview with other journalists of the AGM that Prime Minister Narendra Modi will highlight the contribution of Indian IT companies in their economy during discussions with US President Donald Trump . Coin said that he believes that Indian companies have a huge contribution in the US economy.