Infosys Ltd chairman Nandan Nilekani on Wednesday said the company will take necessary steps if investigation into whistleblower complaints substantiates claims of corporate misgovernance, adding that the firm has responded responsibly and complied with applicable laws and past practices.
“…Infosys is committed to defining and following highest corporate governance standards ," Nilekani said in the conference call with analysts.
While the company is unable to give a timeline on when the investigation will close, a summary of the ongoing investigation will be provided after it is complete, he said.
Infosys, in a stock exchange filing on Wednesday, strongly condemned the mischievous insinuations made by anonymous sources against the cofounders and former colleagues, suggesting their involvement in the recent whistleblower allegations.
“These speculations are appalling and seem to be aimed at tarnishing the image of some of the most accomplished and respected individuals. I have deep regard for the life-long contribution of all our cofounders. They have built this institution and have served this company selflessly and even today, remain committed to the long-term success of Infosys," Nilekani said in the filing.
Infosys on an average has grown 11.4% over the last four quarters with Salil Parekh (CEO) leading the firm and navigating digital disruption is a priority for every enterprise, Nilekani said in the concall.
The Bengaluru-based IT firm said it had previously stated that the audit committee has appointed an external law firm to conduct an independent investigation into the allegations made in the complaints.
“We will share the outcome of the investigation at the relevant time with all stakeholders," it said in the filing.
Two weeks after the whistleblower’s allegations against Infosys management went public, the company had said on Monday there was no prima facie evidence to corroborate any of the allegations made.
The company further said an anonymous letter with certain allegations and no supporting evidence cannot be regarded as being credible or concrete.