Billionaire Co-Founder Calls Off Battle With Infosys’ Board

Billionaire Narayana Murthy is calling off his fight with the board of Infosys Ltd., saying he’s confident the IT giant he co-founded will deal with the concerns raised about corporate governance. The conciliatory comments came after an intense confrontation that pitted the board, Chairman R. Seshasayee and Chief Executive Officer Vishal Sikka against a clutch of high-profile co-founders led by Murthy.

Infosys Co-Founder Calls Off Battle With IT Giant’s Board

Infosys Ltd.’s co-founder and former chairman Narayana Murthy is calling off his fight with the board, saying the company will deal with the questions about corporate governance that have been raised. Murthy and several other billionaire founders of Infosys had posed questions about governance at Asia’s second-largest IT services company, citing a spike in compensation for Chief Executive Officer Vishal Sikka and severance pay for two departing top-level executives.