Corporate Governance Alert – Infosys

On 1st January 2017, Infosys notified the stock exchanges that Mr. David Kennedy, its General Counsel and Chief Compliance Officer has left the company after a mutual separation agreement between him and the company. The separation agreement was entered with Mr. Kennedy on 23rd December 2016 and he was entitled to revoke his acceptance of the agreement within 7 days of his signature of the agreement.

As a part of the separation as well as his employment agreements, Mr. Kennedy will receive severance payments of USD 868,250 plus reimbursements for COBRA (insurance) continuation coverage over a period of 12 months. Other details of the separation agreement are not disclosed.

Here is the link to the full alert, published by InGovern: Corporate Governance Alert – Infosys