Zee adds three new and independent members to the board

18 Dec 2023 , 11:30 AM

Zee Entertainment Enterprises Ltd., a media and entertainment conglomerate, has named Venkata Ramana Murthy Pinisetti, Shishir Babubhai Desai, and Uttam Prakash Agarwal as three new independent directors, effective December 17, 2023. According to a stock exchange filing made by Zee during the company’s AGM on Saturday, these three would assume leadership roles as extra directors under the category of independent directors. 

Pinisetti works in the HR and organisation development (OD) fields as a lawyer, author, and academic practitioner. He is the head of Economic Laws Practice’s (ELP) labour and employment law practice. According to Zee’s petition, Desai is a 44-year-old solicitor who is registered with the Bombay Incorporated Law Society, a member of the Institute of Company Secretaries of India, and a solicitor of the Supreme Court of England and Wales (Non-Practicing). With over thirty years of expertise in taxation, finance, and restructuring, Agarwal is a chartered accountant who has worked in public sector banks under the appointment of the RBI in the areas of statutory audit, income leakage audit, concurrent audit, and stock audit.

Following a lack of sufficient votes for Vivek Mehra and Sasha Mirchandani, three new independent directors were appointed.

‘Sasha Mirchandani and Vivek Mehra have received unanimous praise from the board of Zee Entertainment Enterprises Ltd. for their noteworthy contributions to the company during their tenure. As two illustrious and renowned figures in the business world, Mehra and Mirchandani have instilled strong corporate governance ethics over the years and are members of the boards of several prominent publicly traded firms. According to a statement from R. Gopalan, chairman of Zee Entertainment Enterprises Ltd., ‘The board of the company deeply acknowledges their support and contribution towards the growth of the company.’

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