After returning to Infosys as the chairman of the company's Board, Nandan Nilekani addressed his first conference today.
After returning to Infosys as the chairman of the company's Board, Nandan Nilekani addressed his first conference today.
Nilekani said that appointing him as a non-executive chairman was a unanimous decision of the Company's Board and he will hold the charge as long as he would be required to, highlighting that his primary focus at Infosys at present, is to bring back stability within the firm.
"Our immediate priority is to have stability and make sure the management and the whole board are back to what they should be doing," he said.
He said that he is really excited about the company's future and is determined to deliver corporate governance.
Nilekani also said that a subcommittee also had been formed to seek investors' feedback over operations in the company.
He informed that the Board will take stock of the company's initiatives in the next six weeks and put in a strategic framework.
Reading from a press release, Nilekani said that it is unfortunate that there were disagreements between the Board and co-founder Narayana Murthy. And the Board regretted the comments made on Narayana Murthy.
He further added that the Board intention was not to cause any personal distress to Narayana Murthy.
He also said that he himself has full support of Narayana Murthy.
On the ongoing probes over various issues, Nilekani said that he will receive a full briefing on recent investigations including the Panaya acquisition. However, on the question of making the investigation reports public as Narayana Murthy wanted earlier, Nilekani said that he will go through the reports and will decide the "appropriate" course of action.
He also informed that a board meeting of Infosys took place on Friday morning at which the Board headed by Nilekani himself, resolved to reboot the company's strategy in October.
Nilekani confirmed that Vishal Sikka's exit formalities had been completed after two board meetings.
Over the question of reaching out to founders and getting them on board he repeatedly said that he at present, is representing 100% shareholders.
He said there should not be any discrimination between the founders and non founders within the firm, everyone is working towards the betterment of the company.
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