Zee shareholders approve appointment of directors

New Delhi: Media and Entertainment Company Zee Entertainment Enterprises LTD shareholders approved Divya Karani as an independent director and Saurav Adhikari as a non -executive director at the company’s board of directors.

Zee said that the approval reflects the confidence of the shareholders to the board of directors, while the deputy advisory companies IAS and Ses, Adhikari and Karani proposed against approved their appointments.

Zee said that the board of directors has made an effort to improve the guidance of management and strengthen the governance framework with policies. “As part of this approach, the composition of the Board is developed by taking experienced members from different sectors,” he added.

Karani comes with more than thirty years of experience leading advertising and media agencies in India, South Asia, England and Asia Pacific. Previously, he served as the CEO of Dentsu Media in South Asia and led the agency for more than 12 years. He is currently serving at the Kulfi Collective Board of Directors, a media network that creates brands and studios working in the intersection of content, trade and culture as his president and general manager.

Adhikari also comes with the expertise of more than thirty years in global enterprises and markets in technology, FMCG and consumer durability sectors as an operation, general management and investment specialist. Previous experiences include the top global leadership and executive roles in HCL, Unilever and Pepsico, as well as others. He is the founder and senior partner of Indus Tech Edge Fundd, a growth fund that focuses on globalization of India’s technology ecosystem.

Zee’s shareholders are not satisfied with the control of the company despite the small stake of the supporters.

Following Japan’s failing with Sony Group Corp. with Indian entertainment, Zee launched a return plan to reduce costs and double growth -oriented investments.

Zee is developing new business units to expand its audience and increase income flows, according to an investor presentation published this month.