Feedback from clients and stakeholders positive and reassuring: Infosys

Vastavam web: IT major Infosys today said the feedback from its clients and stakeholders, despite weeks of acrimony between the founders and former board members, has been “positive and reassuring” and it is now focusing on executing its strategy.The Bengaluru-based firm has been in the eye of a storm over the past few months, with the two sides clashing over allegations such as corporate governance lapses and irregularities in Infosys’ USD 200-million Panaya acquisition.He added that the company has also reached out to investors and industry consultants and “more or less, the feedback has been extremely positive and reassuring”.
Rao said Nilekani’s return has brought in a sense of stability at the board level.”Nandan’s primary focus as the non-executive chairman is more on the board governance, board oversight but at the same time, he will also be tasked with CEO succession planning,” he added.He added that the company has also reached out to investors and industry consultants and “more or less, the feedback has been extremely positive and reassuring”.Rao said Nilekani’s return has brought in a sense of stability at the board level.