6. Companies focus areas under CSR Activities are:-
HUNGER, POVERTY, MALNUTRITION AND HEALTH
EDUCATION
RURAL DEVELOPMENT PROJECTS
GENDER EQUALITY AND EMPOWERMENT OF WOMEN
ENVIRONMENTAL SUSTAINABILITY
NATIONAL HERITAGE, ART AND CULTURE
8. Education
Avanti Fellows Partnership – A problem that STEMs from inequality
Making Engineering Students Employable
Eliminating hunger in the classrooms
10. COVID-19 Relief Measures
To provide ventilators, testing kits and PPE for frontline healthcare
workers
Access to food and nutrition for the poor
11. AWARDS
Infosys won the 2020 Top 10 Working Mother and AVTAR Best Company
for Women in India Award.
Infosys was awarded as one of the “Most Honored” companies for receiving
multiple awards at the 2020 All-Asia Executive Team Rankings from
Institutional Investor, a leading provider of independent, qualitative feedback,
for all three sides of the investment community.
InStep, the global internship program at Infosys, was ranked number one
category in the 2020 Internship Rankings by Vault.com, a career
intelligence organization.
Infosys recognized as a 2020 ‘Top Employer’ in Australia and Singapore,
and among the top three employers in Japan, by the Top Employer
Institutes.
Infosys won the 2020 BEST Awards by the Association for Talent
Development (ATD), USA, in recognition of its enterprise-wide success as a
12. 2019
Infosys won the prestigious United Nations Global Climate Action Award in
the ‘Climate Neutral Now’ category. Infosys is the only corporate from India to
earn the recognition for its efforts to combat climate change.
Infosys won the ‘Enabler: Employer of Persons with Disabilities’ award at the
Nipman Foundation – Microsoft Equal Opportunity Awards 2019 held on
November 13. The Equal Opportunity Awards recognize organizations and
individuals empowering persons with disabilities in their workspaces and
lifestyles.
Infosys won the NASSCOM Corporate Awards for Excellence in Diversity and
Inclusion in the persons with disabilities category.
13. Infosys won Best Finance Team, Best Automation in Finance, Best Financial
Planning and Analysis and Best Cash Management awards at the Stars of the
Industry Awards.
Infosys ranked as the 3rd Best Regarded Company in the World by Forbes in
its annual list of the top 250 best-regarded companies across the globe.
Infosys featured among the top five companies in TalentDesk 2019 Best
Companies to Work For rankings announced in July 2019.
14. 2018
Infosys recognized for its ‘best cash management’ at the ET Now - Star of the Industry
Awards 2018 for excellence in working capital and cash management.
Infosys won the Platinum Award at the Asset Corporate Awards, the longest running
Environmental, Social, and Governance (ESG) awards in Asia, for the 9th consecutive
year. This award is based on an evaluation of financial performance, management,
corporate governance, social and environmental responsibility and investor relations.
Infosys won the Asia’s Best In-house Tax Team of The Year award by Euromoney.
15. CONTROVERSIES
The whistleblowers, who call themselves ‘Ethical Employees’ have accused
Infosys’s Chief Executive Officer (CEO) Salil Parekh and Chief Financial
Officer (CFO) Nilanjan Roy of unethical practices for many quarters to
increase short-term revenues.
The employees also alleged that in the quarter under review of fiscal 2019-20,
the management put immense pressure on them to not recognise reversals of
$50 million of upfront payment in FDR contract, as it will slash profits for the
quarter and negatively affect the company's stock price.
Source:https://economictimes.indiatimes.com/tech/ites/the-infosys-episode-so-
far-how-the-crisis-at-the-asian-tech-icon-is-unfolding/articleshow/71715617.cms
16. In December 2019, the Attorney General of California, Xavier Becerra
announced an $800,000 settlement against Infosys and its BPM (business process
management) subsidiary. Close to 500 Infosys employees were working in the
state on Infosys-sponsored B-1 visas instead of H-1B visas between 2006 and
2017, as per an official post available on the website of State of California.
This misclassification resulted in Infosys avoiding California payroll taxes such
as unemployment insurance, disability insurance, and employment training
taxes.
Settlement of tax fraud in the US
17. February 2017: Founders raise concern over
corporate governance issues
In February this year, there was a public fallout between the founders of the IT
major and the current management. The major concern raised by the founders
was the payment of Rs.23.02 crore severance pay, salary and other benefits to
Rajiv Bansal, who was chief financial officer of the company. Narayana Murthy
had raised concern if the huge severance pay was awarded to hide something.
Whistleblower sends letter to market regulator SEBI claiming irregularities in the
Panaya acquisition and severance pay to former CFO Rajiv Bansal.
18. February 2016: Increase in Sikka’s pay
Sikka’s pay was increased by 55 percent to USD 11 million including restricted
stock. This increase did not go down very well with the founders. There were
also issues raised against Sikka’s spending, which included him using a
chartered plane for travel.