Wipro shareholders approve reappointment of Patrick Ennis, Patrick Dupuis as unbiased administrators – NewsEverything Know-how

Bengaluru: The shareholders of Ltd. have authorised the reappointment of Patrick J Ennis and Patrick Dupuis as unbiased administrators on the board of the corporate.
The particular resolutions for the reappointment of the 2 individuals to the corporate’s board acquired greater than 99% votes in favour from shareholders, in response to a regulatory submitting on Sunday. The voting was achieved by way of postal poll by distant e-voting course of.

Dupuis is a former PayPal and Basic Electrical government, who additionally held the place of chief monetary officer of GE Healthcare. Ennis is a companion at US-based Madrona Enterprise Group.

Each Ennis and Dupuis had been appointed as further administrators of Wipro in April 2016 and have become unbiased administrators after receiving approval from the corporate’s shareholders in July that 12 months. Their phrases as unbiased administrators ended on March 31 this 12 months, following which the corporate reappointed them and sought shareholders’ approval for a similar.
To make certain, Mumbai-based proxy adviser, Stakeholder Empowerment Companies (SES), had raised questions over the process on grounds that such an approval via particular decision wanted to be achieved earlier than the top of the sooner time period of the administrators.

ET Prime
had reported that Wipro’s firm secretary had requested SES to withdraw its voting suggestions in a strongly worded letter.

“We’re of the view that looking for shareholders’ approval for reappointment of unbiased director previous to expiry of the primary time period could also be seen as a greater governance observe, however by no means might be thought of as non-compliance with the provisions of the Act or Sebi Itemizing Rules,” Wipro had stated.

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