Infosys officials blame perception issues

Mumbai: Stating that there is no issue of any corporate governance issues in Infosys, India's second largest software firm on Monday said that the current difference of opinions between the founders and the management is part of the process of transition from a promoter managed company to a completely professionally managed company.

“This is a challenging kind of transition and such challenges would be handled with greater degree of statesmanship. There is no battle as there is no conflict of interest. It is just a convergence of interest. They are important voices and we are sensitive to their voices,” said R. Seshasayee, non-executive chairman, Infosys.

He added that the board will continue to engage with its founders and take decisions in the best interest of the organisation. “I enjoy a deeply heartfelt relationship with Narayana Murthy. I deeply value his experience and wisdom and even his criticism,” said Mr Sikka while addressing the media in Mumbai on Monday.

Refuting reports about appointing a law firm to mediate between founders and the current management, Mr Seshasayee said the law firm was roped into advise the company to frame a policy which will help the company to  reach a common ground on values and strategic direction the company should follow.