<div align="justify">Infosys Ltd has declined a request from its most high-profile founder N R Narayana Murthy to make public the report of an external consultant appointed to look into the charges of misgovernance.<br /><br />Murthy, who was chairman of the company till 2014 and still holds 3.44 per cent stake (along with family members), had asked the full report by Gibson Dunn & Crutcher to be made public.<br /><br />Infosys had claimed in June that the external expert had cleared the management of charges of wrongdoing, as was alleged by an anonymous complaint, after a detailed and extensive investigation.<br /><br />"The company does not plan to make the report public," Infosys said in a statement.<br /><br />The law firm had been mandated to probe the whistleblower allegations of CEO Vishal Sikka being paid excessive compensation in relation to the Panaya acquisition.<br /><br />"The summary finding statement of this investigation is also available on our website," Infosys said.<br /><br />The company explained that the investigation involved interviews of over 50 witnesses in India, the US and elsewhere, the review of company policies, Board minutes, public filings and internal documents.<br /><br />It also entailed investigation of "many thousands of internal emails and attachments" and used forensic accounting experts to analyse technical and financial information, the company said.<br /><br />Infosys had ordered the probe following two anonymous letters in February that alleged wrongdoing in some of Infosys' acquisitions, improper contracting and CEO compensation as well as expenditures.<br /><br />In a statement issued on June 23, Infosys had said the probe had found no evidence of any kickbacks, inappropriate contracting or unreasonable expenses incurred on Sikka.<br /><br />Over the past few months, Infosys has drawn flak from some of the co-founders, including Murthy, on a number of occasions alleging corporate governance lapses at the firm.<br /><br />They had also raised questions about the severance package offered to two former Infosys executives.<br /><br />Infosys had also attached a copy of the letter that Gibson Dunn had written to its audit committee on findings of the investigation.<br /><br />In February 2015, Infosys had announced buying Israeli automation firm, Panaya for USD 200 million (Rs 1,250 crore) in cash.</div>
<div align="justify">Infosys Ltd has declined a request from its most high-profile founder N R Narayana Murthy to make public the report of an external consultant appointed to look into the charges of misgovernance.<br /><br />Murthy, who was chairman of the company till 2014 and still holds 3.44 per cent stake (along with family members), had asked the full report by Gibson Dunn & Crutcher to be made public.<br /><br />Infosys had claimed in June that the external expert had cleared the management of charges of wrongdoing, as was alleged by an anonymous complaint, after a detailed and extensive investigation.<br /><br />"The company does not plan to make the report public," Infosys said in a statement.<br /><br />The law firm had been mandated to probe the whistleblower allegations of CEO Vishal Sikka being paid excessive compensation in relation to the Panaya acquisition.<br /><br />"The summary finding statement of this investigation is also available on our website," Infosys said.<br /><br />The company explained that the investigation involved interviews of over 50 witnesses in India, the US and elsewhere, the review of company policies, Board minutes, public filings and internal documents.<br /><br />It also entailed investigation of "many thousands of internal emails and attachments" and used forensic accounting experts to analyse technical and financial information, the company said.<br /><br />Infosys had ordered the probe following two anonymous letters in February that alleged wrongdoing in some of Infosys' acquisitions, improper contracting and CEO compensation as well as expenditures.<br /><br />In a statement issued on June 23, Infosys had said the probe had found no evidence of any kickbacks, inappropriate contracting or unreasonable expenses incurred on Sikka.<br /><br />Over the past few months, Infosys has drawn flak from some of the co-founders, including Murthy, on a number of occasions alleging corporate governance lapses at the firm.<br /><br />They had also raised questions about the severance package offered to two former Infosys executives.<br /><br />Infosys had also attached a copy of the letter that Gibson Dunn had written to its audit committee on findings of the investigation.<br /><br />In February 2015, Infosys had announced buying Israeli automation firm, Panaya for USD 200 million (Rs 1,250 crore) in cash.</div>