Revised deal for Infosys top brass faces resistance from shareholders

BENGALURU: InfosysNSE -0.68 % CEO Salil Parekh’s amended terms of employment faced resistance from some shareholders at the company’s annual general body meeting on Saturday, with about a fifth of votes polled dissenting, even as the IT company’s promoters unanimously approved the resolution.

The terms, which were amended last month, called for faster vesting of stock options.

About 15% of shareholder votes went against granting stock options to both Parekh as well as COO UB Pravin Rao, data filed with the Bombay Stock Exchange showed.