Infosys shareholders approve new AoA, pay hike of COO Pravin Rao

Infosys shareholders approve new AoA, pay hike of COO Pravin Rao

Latest News – Infosys on Sunday said its shareholders have approved the proposal to adopt a new Articles of Association (AoA), bringing in provisions for buyback of shares and appointment of independent directors.

“The resolutions…Have been passed by the members of the company with requisite majority. The approval is deemed to have been received on the last date of receipt of postal ballot forms March 31,” Infosys said in a BSE filing.
Shareholders also approved revision in compensation of Chief Operating Officer & Whole-time Director U B Pravin Rao, and also appointment of D N Prahlad as an Independent Director.

In February, Infosys Board had approved pay hike of its Chief Operating Officer U B Pravin Rao.

According to the new Articles of Association (AoA), Infosys “may purchase its own (Read More)

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