Wipro shareholders approve reappointment of Patrick Ennis, Patrick Dupuis as independent directors

The particular resolutions for the reappointment of the 2 individuals to the corporate’s board acquired greater than 99% votes in favour from shareholders, based on a regulatory submitting on Sunday. The voting was performed through postal poll by distant e-voting course of.

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

Each Ennis and Dupuis have been appointed as further administrators of Wipro in April 2016 and have become impartial administrators after receiving approval from the corporate’s shareholders in July that yr. Their phrases as impartial administrators ended on March 31 this yr, following which the corporate reappointed them and sought shareholders’ approval for a similar.

To make sure, Mumbai-based proxy adviser, Stakeholder Empowerment Services (SES), had raised questions over the process on grounds that such an approval via particular decision wanted to be performed earlier than the top of the sooner time period of the administrators.

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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 impartial director previous to expiry of the primary time period could also be seen as a greater governance observe, however by no means will be thought of as non-compliance with the provisions of the Act or Sebi Itemizing Rules,” Wipro had mentioned.