Infosys: Outsiders not welcome
Infosys has had only two external CEOs, the rest being co-founders. There have been several instances of whistle-blowing during the stints of outsiders Vishal Sikka and now Salil Parekh.
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October 2016
Infosys Q3 profit up 23.7%
The Bengaluru-based IT major has increased its FY20 revenue forecast to 10%-10.5%; company’s board says whistleblower complaints against CEO and CFO “are substantially without merit.”
U.S. SEC probes Infy on whistle-blower complaints
Indian markets regulator SEBI has also asked the Bengaluru-based IT firm to provide information concerning the anonymous complaints.
ICICI Bank sacks Chanda Kochhar
Justice Srikrishna panel finds Kochhar, the former MD and CEO of ICICI Bank, violated the bank’s code of conduct. In a statement, Kochhar says, “truth will ultimately prevail”
ICICI Bank: Is the worst over?
ICICI Bank’s stock rises nearly 5% despite quarterly losses as investors draw comfort from NPA clean-up steps.
It’s official! Kochhar to be on leave till probe ends
After a board meeting on Monday, ICICI Bank released a statement saying Chanda Kochhar would continue as MD and CEO, but would remain on leave till the enquiry is completed.
Investors want Chanda Kochhar to step down
Indefinite leave or planned leave aside, investors say Kochhar’s disassociation with ICICI Bank is in the bank’s best interest.
ICICI Bank to probe allegations against CEO
The bank’s board agreed to an independent probe into allegations of nepotism against its MD and CEO.
