Shareholders vote Brian Tempest out of Fortis board
Wednesday - May 23, 2018 8:12 pm ,
Category : BUSINESS
Shareholders vote Brian Tempest out of Fortis board
New Delhi May 23 (IANS) Fortis Healthcare on Wednesday said that its shareholders have voted Director Brian W. Tempest out from the company s Board.
According to a BSE filing the company said that Tempest was voted out by the shareholders during the Extraordinary General Meeting (EGM) which was held on Tuesday.
The EGM had sought shareholders approval on a resolution filed by a minority shareholders group to induct and remove certain Board members among other clearances.
The resolution sought Fortis shareholders approval to replace Tempest Harpal Singh Sabina Vaisoha and Tejinder Singh Shergill from the company s Board.
However Non-Executive Director Harpal Singh and Non-Executive Independent Directors Shergill and Vaisoha resigned on Sunday citing personal reasons.
On May 9 the Directors in a representative note told the company s shareholders that changing the composition of FHL s Board at this juncture will add to more "turbulence and ambiguity" for the firm.
Besides the resignations come after the Board on May 10 decided to recommend the offer of the Munjal-Burman consortium for sale of its business to the shareholders for their approval.
--IANS rv/vm
According to a BSE filing the company said that Tempest was voted out by the shareholders during the Extraordinary General Meeting (EGM) which was held on Tuesday.
The EGM had sought shareholders approval on a resolution filed by a minority shareholders group to induct and remove certain Board members among other clearances.
The resolution sought Fortis shareholders approval to replace Tempest Harpal Singh Sabina Vaisoha and Tejinder Singh Shergill from the company s Board.
However Non-Executive Director Harpal Singh and Non-Executive Independent Directors Shergill and Vaisoha resigned on Sunday citing personal reasons.
On May 9 the Directors in a representative note told the company s shareholders that changing the composition of FHL s Board at this juncture will add to more "turbulence and ambiguity" for the firm.
Besides the resignations come after the Board on May 10 decided to recommend the offer of the Munjal-Burman consortium for sale of its business to the shareholders for their approval.
--IANS rv/vm
