Infosys Delayed Recording Minutes Of Bansal Payout Till January

The Infosys board initially did not take on record discussions relating to the severance pay of Rs 17.38 crore made to former Chief Financial Officer Rajiv Bansal at its meeting on October 12, 2015, says a report in the Mint newspaper , quoting a source. 

Infosys’s board only put this payment on record only in its board meeting of January 14, 2016 while announcing the third quarter numbers. 

The severance pay to Rajiv Bansal and the hike in CEO Vishal Sikka's pay are at the heart of the corporate governance row at Infosys between the board and the co-founders.

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