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

Bengaluru: The shareholders of Ltd. have approved the reappointment of Patrick J Ennis and Patrick Dupuis as independent directors on the board of the company.

The special resolutions for the reappointment of the two persons to the company’s board received more than 99% votes in favour from shareholders, according to a regulatory filing on Sunday. The voting was done via postal ballot by remote e-voting process.

Dupuis is a former PayPal and General Electric executive, who also held the position of chief financial officer of GE Healthcare. Ennis is a partner at US-based Madrona Venture Group.

Both Ennis and Dupuis were appointed as additional directors of Wipro in April 2016 and became independent directors after receiving approval from the company’s shareholders in July that year. Their terms as independent directors ended on March 31 this year, following which the company reappointed them and sought shareholders’ approval for the same.

To be sure, Mumbai-based proxy adviser, Stakeholder Empowerment Services (SES), had raised questions over the procedure on grounds that such an approval through special resolution needed to be done before the end of the earlier term of the directors.

ET Prime
had reported that Wipro’s company secretary had asked SES to withdraw its voting recommendations in a strongly worded letter.

“We are of the view that seeking shareholders’ approval for reappointment of independent director prior to expiry of the first term may be seen as a better governance practice, but in no way can be considered as non-compliance with the provisions of the Act or Sebi Listing Regulations,” Wipro had said.

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