Monday, 2 March 2020

Infosys pays Rs 6 lakh in compounding fees to settle ex-CFO severance payment row

Infosys had agreed to pay Bansal a severance amount of Rs 17.38 crore or 24 months of salary, but the company suspended payments after he got Rs 5 crore as co-founder N R Narayana Murthy and others objected to the package as excessive. Bansal's severance payout has been one of the contentious issues Infosys founders had raised to allege governance lapses.

from Tech-Economic Times https://ift.tt/3apz4lJ

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