Infosys board gives nod to link employee stock scheme to shareholder value creation

Infosys on Thursday announced that its board of directors has approved the ‘Infosys Expanded Stock Ownership Program 2019’ that links long-term employee incentives with shareholder value creation.

Subject to shareholders’ approval, this unique plan proposes to allocate five crore shares equating 1.15 per cent of the company’s equity shares to a broad base of employees, which will vest on challenging performance criteria.

“This programme builds on the strong legacy of meritocracy that was established by the founders, and strengthens the company’s efforts towards wealth creation for employees, enhanced shareholder returns and delight for customers,” Infosys said.