ALSO READProxy firms recommend return of Nandan Nilekani on Infosys board DIIs write to Infosys, pitch for Nandan Nilekani's return on board Nandan Nilekani's likely return to Infosys to calm investor nerves Infosys saga: What markets want to hear in NRN Murthy's investor call Infosys needs Nandan Nilekani for repair job: Proxy firms
The restructuring of the board was also one of the conditions set by Nilekani for his return – to have a clean slate before he takes charge at the company he co-founded – said sources.
A few independent board members have maintained that they would not quit, but an imminent board restructuring is expected before the weekend, when Nilekani would head the company he co-founded with N R Narayana Murthy and five others in 1981.
Nilekani's restructured board could potentially retain D N Prahlad, a former Infosys employee and was recommended to the board by Murthy; Kiran Mazumdar Shaw, a friend of the Infosys family and Ravi Venkatesan, the co-chairman.
Shaw dismissed this as speculative rumours. Nilekani and Venkatesan did not respond for comments.
"The company does not have any further updates to share at this point of time. In case there are any developments we will inform the media in due course. We will not be making any comments on speculation and rumours," said an Infosys spokesperson.
Nilekani is being brought in under pressure from institutional investors, Infosys and founder N R Narayana Murthy.
The yearlong concern by Murthy, who has raised the failure corporate governance in Infosys, saw a fallout with the resignation of Vishal Sikka, the first non founder of Infosys. Infosys blamed Murthy in a statement for Sikka's exit at a time when the IT services sector was undergoing turmoil due to automation, growing protectionism and shift towards digital.