PUNEESH MURTHY SEXUAL HARASSMENT CASE

Group Lal siva raju

Atul kumarsingh Rajkumar

About InfosysInfosys is provider of technology, engineering

and outsourcing services.

Infosys was co-founded in 1981 by N.

R.Narayana Murthy, Nandan Nilekani and other

management partners

Its headquartered in Bangalore. It has offices

in 30 countries

Today, Infosys is a global leader in the "next

generation" of IT and consulting with revenues

of billion

Infosys ranked among the most innovative

companies in a Forbes survey

About Phaneesh murthy

•Phaneesh murthy 38 years old man, the

head of sales

and marketing and communication and

product services division of Infosys

•Phaneesh Murthy, the highest-paid

employee of Infosys, he used to take

Rs.1.91 crore every year.

About Reka Maximovitch

Reka Maximovitch, an American citizen of Bulgarian descent.

Reka Maximovitch was working as Phaneesh Murthy's executive assistant.

While she was facing sexual harassment from Murthy from october 1999 she was not reported,may be due to fear of social redicule or fear of losing her job.

She was wrongfully terminated from job in Dec’2000.

Problems in the caseReka filed a complaint in Oakland,USA on 17

Dec’,alleging sexual harassment, unlawful termination against Phaneesh murthy.

Infosys became entangled in the scandal, it is the first negative news about infosys since its inception.

Murthy abruptly resigned from Infosys.Initially,Murthy refused to participate in the settlement initiated by infosys.

Infosys ahead with the settlement without any contribution from murthy.

Later on, He voluntarily signed the settlement and agreed to every condition that Infosys had set.

Why the things gone wrongLack of corporate governance

Infosys maintained a studied silence on the episode on the ground that the matter was subjudice.

Media reports blamed Infosys for having kept the issue under wraps for a long time.

The Company’s share price declined by 6.6percent soon after phaneesh left

How the settlement wentGiving details of the settlement, Infosys

chairman and chief mentor N R Narayana Murthy told media persons that the company would be paying $3million to the accuser.

Of this, Infosys would contribute $1.5 million while insurers would cough up the remaining $1.5million under the company's directors and officers liability insurance cover.

Ethical or Unethical?

Strategies need to adopt?A crisis brings out the best and wrost in any

organisation,it is also true that a crisis provides a learning opportunity it.

Conclussion