Infosys investors cut up with board members

Bengaluru, (IANS) Many investors of global software major Infosys Ltd were up in arms against its board at the 34th annual general meeting here on Monday for various reasons.

A woman investor from Mumbai grabbed the mike and shouted through vide-link that the board did not give female shareholders an opportunity to speak with its members at the AGM.

“Besides the chairman (R. Seshasayee), all other directors spoke at length though only a chairman addresses shareholders at AGMs in other companies. We have been waiting for over three hours to talk on the annual report,” fumed the woman.

Another shareholder, Sadananda Sastry, blasted the company for not giving audience with its earlier chairman (K V. Kamath).

“I was kicked out of the scene, humiliated. The chairman should meet at least a few shareholders,” Shastri complained to the board members sitting on the dais.

Another one also wanted the company to develop an exclusive application for shareholders like the US-based global manufacturer General Electric (GE) for quick access and updates on its global operations.

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