ADVERTISEMENT

Shareholders vote Brian Tempest out of Fortis' board

Shareholders vote Brian Tempest out of Fortis' board

Published
Hot News Text
1 min read
Fortis Healthcare. (Photo: Facebook/@fortishealth)
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

(This story was auto-published from a syndicated feed. No part of the story has been edited by The Quint.)

(This story was auto-published from a syndicated feed. No part of the story has been edited by The Quint.)

(The Quint is available on Telegram. For handpicked stories every day, subscribe to us on Telegram)

We'll get through this! Meanwhile, here's all you need to know about the Coronavirus outbreak to keep yourself safe, informed, and updated.

Liked this story? We'll send you more. Subscribe to The Quint's newsletter and get selected stories delivered to your inbox every day. Click to get started.

The Quint is available on Telegram & WhatsApp too, click to join.

ADVERTISEMENT
Stay Updated

Subscribe To Our Daily Newsletter And Get News Delivered Straight To Your Inbox.

Join over 120,000 subscribers!
ADVERTISEMENT