At least 78.4% of the data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/azim-premji-led-it” target=”_blank” rel=”noopener”>Azim Premji-led IT major’s public shareholders or 10.31% of overall shareholders voted against the data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/cash-compensation” target=”_blank” rel=”noopener”>cash compensation awarded to data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/delaporte” target=”_blank” rel=”noopener”>Delaporte, showed the voting records published on data-ga-onclick=”Inarticle articleshow link click#Tech#href” target=”_blank” href=”https://economictimes.indiatimes.com/marketstats/pid-41,exchange-bse,sortby-value,sortorder-desc.cms” rel=”noopener”>BSE on Thursday.
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Among the shareholders, at least seven large foreign institutional investors, including a large UK and Canadian fund, opposed the decision.
Meanwhile, Wipro has a 73% data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/promoter” target=”_blank” rel=”noopener”>promoter holding which helped the resolution secure an overall 89.69% vote in favour of rewarding the cash data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/compensation” target=”_blank” rel=”noopener”>compensation to Delaporte, who resigned in April this year.
Delaporte data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/tech/information-tech/wipro-ceo-thierry-delaporte-resigns/articleshow/109091817.cms” data-type=”tilCustomLink” target=”_blank” rel=”noopener”>quit a year ahead of his term end, after serving four years at the helm of India’s fourth largest data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/it-services” target=”_blank” rel=”noopener”>IT services firm.
Following his resignation, Wipro disclosed that it had agreed to pay $4.33 million to Delaporte, likely the highest cash payment made to an outgoing executive at Wipro.
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data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/tech/information-tech/wipros-rishad-premji-takes-pay-cut-ex-ceo-delaporte-takes-home-20-mn/articleshow/110356920.cms” data-type=”tilCustomLink” target=”_blank” rel=”noopener”>Delaporte earned over $20 million (approximately Rs 166 crore) in FY24, which made him the highest-paid data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/ceo” target=”_blank” rel=”noopener”>CEO in India’s IT industry for the second year in a row.According to Wipro’s recent 20-F filings with the data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/us-securities-and-exchange-commission” target=”_blank” rel=”noopener”>US Securities and Exchange Commission, data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://www.google.com/amp/s/m.economictimes.com/tech/information-tech/wipros-rishad-premji-takes-pay-cut-ex-ceo-delaporte-takes-home-20-mn/amp_articleshow/110356920.cms” target=”_blank” rel=”noopener”>Delaporte earned over $3.9 million as salary and allowance, over $5 million as commission/variable pay, almost $7 million classified as others, and $4.33 million as long-term compensation.
The voting also approved Srinivas Pallia’s appointment as the chief executive officer and managing director of the company, Wipro said in the BSE filing.
