Infosys management did not make timely disclosures: Mohandas Pai

Latest News - 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.

"In October 2015, they had a press release saying the CFO is going, and both the CFO and CEO said nice things about each other. They did not disclose (the severance package)... They didn't disclose after the December quarter (results)," Pai told PTI on the sidelines of an event here.

The tussle between some of the Infosys founders and the management comes at a time when the (Read More)

Infosys ex-CFO Pai backs founders over Sikka's 'excessive' salary issue

Latest News - Amid reports of founders raising concerns over corporate governance and "excessive" pay packages at Infosys, former Chief Financial Officer (CFO) T V Mohandas Pai on Wednesday said the board should give a detailed answer and not take shelter under "bland" statement that decisions were taken in the interest of the company.

"The founders who have built the company and created a value system have raised serious issues. As far as I know, no CFO in India has got a 24-month separation," said the former Infosys board member.

Pai was referring to ex-CFO Rajiv Bansal's severance package of Rs 17.38 crore, equalling 24 months of pay.

"And (earlier) CFOs have left the company and they have not got any separation. There is no case for a special treatment for anybody. And the management cannot be (Read More)