On Saturday Infosys non-executive chairman Nandan Nilekani said that during this year company has taken various steps to resolve the concerns that were raised on the matter of stability. At the company’s 37th Annual General Meeting, Infosys non-executive chairman Nandan Nilekani said that “When I stepped for the second time into Infosys in August last year, one of the concerns that were raised was about the company’s stability. We have taken several steps during the year to remedy this,” He even added that “We have a very stable management team and board, and everybody is united and agrees that we are really on the verge of something momentous. The focus is now on relentless execution,”
Regarding the issues of corporate governance and compensation to former executives, Infosys faced weeks and months of prolonged delays between its founders led by NR Narayana Murthy and the previous management. And because of this CEO, Vishal Sikka gave a sudden resignation in August last year, followed by R Seshasayee and some other directors as well.
Infosys non-executive chairman Nandan Nilekani assured that the company is doing every possible thing and all efforts are being applied for the same to do all it can to realise its aspirations, with the generous support of all stakeholders and his colleagues on the board .He further added that It was the team’s flexibility that helped Infosys to get through the toughest times in the past years and helped the company to deliver strong financial performance.
“I am grateful for this and for the privilege and opportunity to serve this iconic company once again,” he added and further said that “even as the company brings in new digital capability to its landscape, it also has a gameplan to bring its traditional core systems into the modern era”.
Infosys non-executive chairman Nandan Nilekani even discussed that the company is working on a very important aspect which is energising the core for its clients in as big a way as it is powering its digital transformation.
The board has advised a final dividend of Rs 20. 50 per share till March 31, 2018, he said. The Board also has advised a special dividend of Rs 10 per share,Nilekani said. The company even paid an interim dividend of Rs 13 per share, in October 2017, Nilekani said. The total dividend for this year is Rs 33.50 per share excluding the special dividend and , is Rs 43.50 per share including the special dividend, he added. “Total dividend paid last year was Rs 25.75 per share,” Nilekani said.