Date:26/02/2005 URL: http://www.thehindubusinessline.com/2005/02/26/stories/2005022600871100.htm

Back Wipro develops e-filing platform for NYSE cos

Our Bureau

Bangalore , Feb. 25

SENIOR officials of Wipro Technologies visited the New York Stock Exchange on Friday to showcase the launch of eGovDirect.com, an electronic filing platform to assist NYSE-listed companies with the submission and management of their corporate compliance information.

The Web site was designed and developed in partnership with NYSE by Wipro Technologies, said a company press release. The password-protected Web site acts as a secure platform between the listed companies and the NYSE, enabling them to submit the required governance documentation with the exchange electronically, while allowing NYSE to proactively notify its issuers when requirements are due.

One of its many value added features is the ability for listed companies to compare their own corporate governance structure against similar NYSE companies using a benchmarking tool.

"The New York Stock Exchange has always been at the forefront of promoting good governance practices," said Ms Janice O'Neill, NYSE Vice-President, Corporate Compliance. "This new site provides value-added service to our listed companies and improves the efficiency and effectiveness of our listed company compliance programme," she said.

"We are delighted with our continuing relationship with the New York Stock Exchange and look forward to continue working with them as a strategic partner," said Mr Girish Paranjpe, President, Finance Solutions, Wipro Technologies.

A customised version of eGovDirect.com would be available for non-US NYSE-listed companies in early 2006.