Infosys co-founder N.R. Narayana Murthy on Friday said he would respond ‘at the right time’ to allegations by the firm’s board that he was responsible for the exit of CEO Vishal Sikka.
“I will reply to these allegations in the right manner and in the right forum and at the appropriate time,” according to a statement by his office. Mr. Murthy termed the board’s allegations against him as ‘baseless insinuations.’
“I have read the statement by the board of directors of Infosys.I am extremely anguished by the allegations, tone and tenor of the statements.” Mr. Murthy in his response said he was not seeking money, position for (his) 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,” Mr. Murthy wrote. “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 lawyers hired by a set of accused, giving a clean chit to the accused and the accused refusing to disclose why they got a clean chit.”
In response to Mr. Murthy’s statement, chairman of the Board, R. Seshasayee said he did not consider this a battle.
“We are all professionals and we will continue to do the job entrusted on us by the shareholders. We have no interest whatsoever in engaging in a battle (with Mr. Murthy). He has the right to do what he is doing.”
