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HCL Tech puts in place global advisory board 

Partha Pratim Sinha  
Mumbai, Oct 10: Keeping in tune with the management practices followed in the US and some other countries, HCL Technologies has announced the appointment of a global advisory board comprising of three independent professionals who are globally renowned in their respective areas of expertise. According to a HCL Technologies release, Raman Khanna, Edward Thompson and Allan Gotlieb, have been appointed on the advisory board of the company. According to the company, the advisory board will strengthen the senior management resource pool available for strategic planning, required to drive the company's rapid future growth.

According to HCL Technologies chairman Shiv Nadar, the creation of an advisory board reinforces the company's philosophy of following international best management practices. The nomination of these three people in the advisory board will strengthen the global composition of HCL Technologies' senior management team. According to Nadar, the vast resources of skills and experience they bring inwith them will contribute to the company's strategy for future growth.

Khanna is the CIO at Stanford University and founder of Information Technology Systems & Services (ITSS), a US-based consulting company. he is also an authority on data communication, distributed computing and enterprise management systems. Thompson is senior operating officer and director on various companies, including Fujitsu Computer Products and Hal Computer Systems. Gotlieb, on the other hand, is a senior board and management team member in various companies in Canada including Alcan Aluminium, Nestle and a few others.

In addition to the appointment of the global advisory board, the other international management practices followed by the company include the establishment of three corporate governance committees chaired by independent directors which is in line with international corporate governance practices and conformance to the US GAAP accounting policies. At present, HCL Technologies is on course to make an initial publicoffering of 1.42 crore equity shares of Rs 4 each. Through its maiden public offering, the company is offering 10 per cent of its equity shares to the public through the book building route. During the fiscal ended June 1999, HCL Technologies, along with its subsidiaries, reported a turnover in excess of Rs 1000 crore.

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