Malini BhuptaMoneycontrolInfosys learnt important lessons from the departure of CFO Rajiv Bansal, the company’s independent board member Roopa Kudva conceded on Sunday, but mounted a spirited defence of decisions made by the board, now under attack from the company’s promoters.Bansal, who left the company in 2015, was given 24 months’ salary as severance pay, a fact that has provided fodder to detractors of the management. Kudva told Moneycontrol in an exclusive interview that due process had been followed in Bansal’s exit, but added that the company had since reworked contracts of employees.“If we look back in hindsight there have been learnings. We have done benchmarking in each market and reworked contracts for severance pay,” she said, while stressing that the 24 months’ severance was in line with the practice in some markets in which the company operated in.Also read: Infosys’ capital allocation in line with transformation plan, says Roopa KudvaKudva said the company was experiencing “transition pangs,” as the management and decision making shifted away from founders to professionals – Silicon Valley professionals to be precise.Kudva, who is also a member of the company’s audit committee, said the expectations of the present workforce were different from that of the ’90s. “As the company gets more global and talent acquisition happens from different parts of the world, there are implications on compensation. We do not think these are governance issues.”
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