infosys -cg (1)
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THE BEST AMONG INDIAN CORPORATES
Presented by:
Shraddha 06Sanket 19Sharanjeet 34Darshak 38
Kanika 42Manjunath 56Pratibha 58
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Profile of Narayana Murthy
Born on August 20, 1946N.R. Narayana Murthy is a B.E.Electrical from University of Mysore (1967) and M.Tech from IIT
Kanpur (1969).Narayan Murthy began his careerwith Patni Computer Systems inPune. In 1981,
Narayana Murthy founded Infosyswith six other softwareprofessionals. In 1987, Infosysopened its first international office
in U.S.A.
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PROFILE
Infosys Technologies was started in 1981 b y sevenprofessionals with US $ 250.The company designs and delivers technology ena b led bu sinesssol u tions.Infosys pioneered the Glo b al Delivery Model (GDMInfosys has a glo b al footprint with over 50 offices anddevelopment centers in India.Infosys takes pride in bu ilding strategic long-term client relationships.In 1997 & 1996, the readers of Asiamoney v oted Infosys The bestmanaged company in India
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To be a globally respected corporation thatprovides best of-breed business solutions,leveraging technology, delivered by best- in-class people.
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To achieve our objectives in an environment of fairness , honesty and courtesy towards our clients,
employees vendors and society at large.
3 pillars of corporate behavior, Viz.,
Business Ethics,Corporate GovernanceCorporate Social Responsibility.
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Customers
Company
MarketCapitalization
Revenue
Netincome
Globalpresence
Employees
538*
US $20.2 billion*
US $4,176 million**
US $1,155 million**
63 cities across 26 countries
91,187*
Started in 1981,with seven founders, US $250,and a dream
Growth story Of Infosys Tec hnologi e sas on 31 st Mar c h 2008
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Value System at Infosys Technologies
C -LIFE
Cu stomer Delight
Leadershipby
example
Fairness
P u rs u it of excellence
Integrity&
transper -ancy
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DEFINING ETHICS
U nderstanding right and wrong
A bility to disting u ish between the right and wrong
Integral Part Of Life
R u nning a B u siness is Part of Life
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Corporate Ethics
Based On the principle of integrity and fairness
Focu
ses On- Stake holder and employee
Qu ality Of prod u ct A nd services
Cu stomer Satisfaction.
C omm u nity A nd environment
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Corporate Governance
A system of checks and balances between theboard, management and investors to producean efficiently functioning corporation, ideallygeared to produce long-term value .
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Corporate Governance Philosophy
T he philosophy of corporate governance is based on thefollowing principles.
1 .Satisfy the spirit of the law
2. T ransparent and high degree of disclos u re levels 3. Distinction between personal conveniences and corporate
reso u rces 4. T r u thf u l external comm u nication 5. C omply with laws of all co u ntries in which the company
operates 6. Simple and transparent corporate str u ctu re driven solely by
bu siness needs 7. Management is the tr u stee of the shareholders capital and
not the owner.
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Unique Practice
T he Infosys Technologies believe that the Board of Directors is at thecore of corporate governance practice
Oversees how management serves and protects the long term interestof all stakeholders.
A ctive and well informed and independent board is necessary to ens u rehighest standards of corporate governance.
T he majority of the, 8 ou t of 1 5 are independent members.
Infosys is committed to long-term shareholder val u e.
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Infosys has a u dit, compensation, investor grievances, nominations,and risk management committees which comprises only independentdirectors.
Fu rnish in the ann u al reports abo u t its compliance with the corporategovernance g u idelines of six co u ntries in their national lang u ages.
T he company comply with E u ro shareholders corporate governancegu idelines, 2000.
T he recommendations of T he C onference Board C ommission on p u blictr u st and private enterprises in the U S.
T he company also adheres to the UN global compact programme.
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CSR Initiatives of InfosysA t Infosys , the distrib u tion of wealth is as important as its legaland ethical creation. A strong sense of social responsibility istherefore an integral part of its val u e system.
Infosys FoundationEstablished in 199 6, s u pports programs and organizations devoted tothe ca u se of the destit u te, the r u ral poor, the mentally challenged, andthe economically disadvantaged sections of the society.
C ommunity serviceT hro u gh its C omp u ters@ C lassrooms initiative la u nched in Jan u ary
1999 , Infosys donated 2,567 comp u ters to vario u s instit u tions acrossIndia.
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E nvironment Infosys is engaging with global tho u ght leaders and decision-makers in
debate and actionable programs to identify and drive the implementationof s u stainable ways to manage the cons u mption of energy andreso u rces. T he efforts begin right at home, thro u gh Project Ozone.
S ocial commitment in education
Infosys'
Edu
cation &R
esearch grou
p has the pride of anchoring theInfosys Extension Program (IEP), which consists of the InfosysFellowship Program, R u ral R each program, C atch T hem Yo u ng andT rain the T rainer.
S ustainability Report Infosys has p u blished its first S u stainability R eport, 2007-200 8 . Inaccordance with the Global R eporting Initiative (G R I) framework, thereport encaps u lates the company 's economic performance, innovation inofferings, people engagement, and corporate social responsibilityinitiatives, and has been awarded an A+ rating by the G R I.
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Corporate Governance
achievements and RatingsIn 2000, the company was conferred the N ational A ward for Excellence inC orporate Governance by the Government of India.
T he B u siness World IM R B S u rvey ranked Infosys nu mber one amongthe most respected companies in India, in 200 1 .
It was voted as Indias best managed company for 6 years in a row,between 199 6 and 200 1 by the A sia Money Poll.
In the year 2000, in the s u rvey of Far Eastern Economic R eview, Infosyswas selected as one of A sias leading corporations and was ranked first asT he C ompany that Others T ry to Em u late.
T he company was voted Indias Most A dmired C ompany in EconomicT imes in 2000.
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In 2003, Infosys Technologies co-founder and chairman, Mr. N. R.Narayana Murthy, won the Ernst & Young World Entrepreneur of the Year award for his companys outstanding financial performance and globalimpact in a dynamic and volatile industry .
Infosys Technologies has won the prestigious Global Most- A dmiredKnowledge Enterprises (M A KE) A ward, for 2004.
Infosys Technologies made a winning sweep in the Business World MostRespected Companies A ward 2004.
The latest Business Today A T Kearney study conducted in March 2005placed Infosys Technologies as I ndias Best Managed Company.
CR IS IL assigned the company the CR IS IL GVC L evel 1 rating, indicatesthe capability to create wealth for all stakeholders while adopting soundcorporate governance practices.
ICRA assigned CGR 1 rating to the company corporate governancepractices.
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The Phaneesh MurthyCaseIn dec. 2001, former Infosys employeeReka Maximovitch, a BulgarianA merican national filed a complaintagainst Mr. Phaneesh Murthy (head of U.S. Operations and member of BOD)alleging verbal sexual harassment,unwanted sexual advancements andunlawful termination of employment.
Infosys started an internal settlementand after initial reluctance Phaneeshsubmitted himself for all theconditions that company had set.
Infosys announced amicable disputesettlement on 11 th May 2003 and Rekawas paid $3 million as compensation.
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T he company had paid $570,000 to Phaneesh M u rthy as part of
the final settlement of his du
es when he resigned in Ju
ly 2003 ashead of Infosys ' worldwide sales and marketing and from thecompany 's board of directors.
A fter this episode, Infosys pu t in place principles of work ethicsand a whistle blower policy.
Infosys also started sex u al harassment cell call A SHI (A ntiSex u al Harassment Initiative), to provide an environment free of
harassment
A fter this case there has been no allegations of any kind on thecompany.
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Concluding Observations
So u nd corporate str u ctu re and policy does not g u aranteeavoidance of scandals like Phaneesh M u rthys case
Its the managers ethical standards, who man the str u ctu re, whichdecide the level of integrity and val u e system within anorganization
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Mr. Narayana Murthy:
For me corporate governance is a mindset, a question
of value systems. It is a way of saying that I put public
good ahead of private good; of not using the corporation'sresources for personal benefit. As a society becomes
more and more evolved, what appears in the realm of
ethics automatically enters the realm of the legal framework.
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Tha nk You!
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