Vishal Sikka resigned earlier today from the post of Infosys' CEO, saying that the constant allegations from the company's founders was making it difficult to create value in the company.
Co-founder of Infosys, Narayana Murthy said in a statement that his primarily concern was the deteriorating standard of corporate governance which he repeatedly brought to the notice of the company's board.
Below is the complete text of Murthy's statement:
I have read the statement issued by the Board of Directors of Infosys.
I am extremely anguished by the allegations, tone and tenor of the statements. I voluntarily left the Board in 2014 and am not seeking any money, position for children or power. My concern primarily was the deteriorating standard of corporate governance which I have repeatedly brought to the notice of the Infosys board.
It is below my dignity to respond to such baseless insinuations. However, several shareholders who have read the whistle-blower report have told me that it is hard to believe a report produced by a set of accused, giving a clean chit to the accused, and the accused refusing to disclose why they got a clean chit! They say that this is not the way an impartial and objective investigation should be held.
I will reply to these allegations in the right manner and in the right forum and at the appropriate time.
Naryana Murthy
Founder - Infosys limited
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