Kannan played a pivotal role in leading the transformation of ICICI Prudential Life Insurance into a multiproduct and multi-channel company during his tenure, , wipro, NS Kannan, appointment, icici prudential
Wipro: Kannan has been part of various government and other regulatory committees. He was appointed as the Reserve Bank of India advisor to resolve the troubled lender DHFL in 2019. He is also a member of the corporate bonds and securitization advisory committee of the stock market regulator Securities and Exchange Board of India (SEBI).
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From left: Patrick Dupuis and Patrick J Ennis, the two independent directors of Wipro. Image credit: Twitter, courtesy of Wipro.
Synopsis
An ambiguous provision in the company law that requires shareholder approval for the reappointment of independent directors has led to divergent practices among listed companies. Though the IT major has asked Stakeholder Empowerment Services to withdraw its voting recommendation to shareholders, the proxy advisor has chosen to stand its ground.
Earlier this year, a discussion paper released by the Securities and Exchange Board of India (Sebi) on independent directors created a flutter in the corporate-governance community.On March 01, 2021, in a consultation paper titled ‘Review of Regulatory Provisions Related to Independent Directors’, the market regulator proposed to make prior shareholder approval mandatory for the appointment and reappointment of all independent directors. While
Wipro Limited reappoints independent directors
Posted On: 2021-01-14 18:25:46 (Time Zone: Arizona, USA)
The Board of Directors of Wipro Limited has approved the re-appointment of Mr. Patrick Dupuis as an Independent Director for a second term of 5 years with effect from April 1, 2021, subject to approval of the shareholders of the Company.
Patrick Dupuis became a director of the Company in April 2016. He also serves as a member of our Strategy Committee. Currently, Mr. Dupuis serves as advisor and interim executive for private equity firms and their portfolio companies, most recently with Hellman & Friedman, based in San Francisco and Ultimate Software, a leader in HCM SaaS solutions. He is a former officer of global technology platform and payments leader, PayPal Holdings, Inc., where he facilitated the company s listing on Nasdaq in 2015 and its double-digit global expansion, serving as Chief Financial Officer, then SVP for Quality and Productivity. Prior to joining PayPa