IT giant Infosys's human resources head T V Mohandas Pai takes home the highest salary and bonus among all the Board of Directors of the company.
BANGALORE: IT giant Infosys's human resources head T V Mohandas Pai takes home the highest salary and bonus among all the Board of Directors of the company, including Chairperson Nandan M Nilekani and Chief Executive Officer S Gopalakrishnan.
According to Infosys's recent filing with the Securities and Exchange Commission (SEC), Pai receives a salary of $82,033 and a bonus of $3,08,625 in a year, the highest among the 15 members of the board, the firm's
The Board is chaired by the firm's chief mentor N R Narayana Murthy while one of the co-founders and director Nandan M Nilekani is the co-chairperson.
While Nilekani receives $51,414 salary and $1,22,841 as bonus, Narayana Murthy does not take home any of them but 1,25,000 dollars in annual compensation.
Other members of the board include Chief Executive Officer S Gopalakrishnan, Chief Operating Officer S D Shibulal, Lead Independent Director Deepak M Satwalekar, Head of Communication Design Group, Information Systems and Quality and Productivity, K Dinesh and Head of Delivery Excellence Srinath Batni.
Pai, who is also the head of administration, education and research, Finacle and Infosys Leadership Institute, happens to be the youngest among board of directors.
Further, Gopalakrishnan and Dinesh gets salary and bonus as same as that of Nilekani whereas Shibulal receives a salary of $50,061 and 117,220 as bonus.
However, Marti G Subrahmanyam, Omkar Goswami, Rama Bijapurkar, Claude Smadja, Sridar A Iyengar, David L Boyles and Jeffrey Sean Lehman, who are also directors, do not take home any salary or bonus.
The Bangalore-based IT major pays Pai $31,916 under 'other annual compensation' and the amount accrued for long term benefits stands at $20,805.
However, Senior Vice President, Banking and Capital Markets, Ashok Vemuri, and Senior Vice President, Manufacturing, B G Srinivas, get more salary and bonus than Pai in the company's top brass. Vemuri is paid a salary of $393,380 and a bonus of $292,789.
Srinivas receives $412,334 as salary and $258,523 as bonus.
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