Mumbai, Sept 18: Crisil has assigned corporate governance (CG) and value creation rating "GVC level-1" to Infosys Technologies Ltd, indicating the highest capability to create wealth for stakeholders while adopting CG practices. The financial transparency and disclosure standards of Infosys are one of the best globally and has created a very high level of value for stakeholders over the past five years, Crisil director (corporate rating) S Venkataraman said in a release here today.

Its shareholders' returns have been amongst the highest in the country and from lenders perspective, the credit fundamentals are extremely sound, he said.
"The board structure, process and functioning are assessed as very strong. The board of directors comprises a majority of independent non-executive directors including lead independent director and has structural features like audit and compensation committees", Crisil said.
Employee satisfaction level is high compared to peers and attrition rate is well below the average rate for it industry, it said. Bureau Report