Infosys asserts independence, appoints law firm to engage with founders

Backs Seshasayee, Sikka, but engages law firm to look into transparency issues

The board of directors at India’s second largest software exporter, Infosys, asserted its independence and appointed law firm Cyril Amarchand Mangaldas to engage with the company’s founders over concerns raised by the latter on disclosures and transparency. 

The law firm, along with corporate governance experts, is to recommend to the board the next steps.

In a statement late on Thursday, the company said it was committed to fulfilling its fiduciary responsibility to act independently and in the overall interest of the shareholders. The board, denying there were governance lapses, said it supported its chairman, R Seshasayee, and chief executive Vishal