(0) Infosys Case Study: Infosys Ltd has faced several corporate governance issues in the past. Here are a few examples: CEO resignation: In 2017, Infosys' then CEO, Vishal Sikka, resigned citing personal attacks from the company's founders. This sparked concerns about the independence of the board and the extent to which the company's founders were interfering in management decisions. Whistleblower complaints: In 2019, a group of anonymous whistle-blowers accused Infosys' senior executives of unethical practices such as manipulating financial statements and inflating revenue figures. The company's audit committee launched an investigation into the allegations, which found no evidence of wrongdoing. However, the episode raised questions about the effectiveness of the company's internal controls and whistleblowing mechanisms. Executive pay: Infosys has also faced criticism over the compensation packages of its executives, particularly during periods of underperformance. For example, in 2016, the company faced shareholder dissent over a proposed salary increase for its CEO at a time when the company's revenue growth was slowing. Board composition: There have also been concerns about the independence and diversity of Infosys' board. For instance, in 2017, some shareholders criticized the appointment of Punita Kumar-Sinha, the wife of a prominent government official, as an independent director.

Questions to answer: 1. What were some of the corporate governance issues that Infosys faced in the past, and how did they impact the company's reputation? 2. How did the resignation of Vishal Sikka as CEO in 2017 raise concerns about the independence of Infosys' board and the role of the company's founders? 3. What were the allegations made by anonymous whistleblowers against Infosys in 2019, and how did the company respond to these allegations? 4. How have concerns about executive pay at Infosys been raised in the past, and what actions has the company taken to address these concerns? 5. What are some of the challenges facing Infosys in terms of board composition and diversity, and how is the company addressing these challenges? 6. What steps can companies like Infosys take to ensure that they maintain high standards of corporate governance and manage risks effectively?