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After convening its shareholders meeting, Indra sees a 5% increase in the stock market

Indra is at the beginning of the Ibex 35 session with more than 5% increase in its value.

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After convening its shareholders meeting, Indra sees a 5% increase in the stock market

Indra is at the beginning of the Ibex 35 session with more than 5% increase in its value. Indra announced that the appointment and formalization of the independent directors would be made at an extraordinary shareholders meeting last Thursday. Titles of technology are now up 5% to 9.39 euros. This is an increase of 4.2% from the previous session.

The company announced this initiative and also contracted Korn Ferry, a specialized firm, to hire these independent directors. This will ensure that gender equality criteria are taken into consideration.

The technology company also made sure that the board was composed at least half of independents, without casting votes for the president. It will also reinforce the governance structure by adding a non-executive chairperson and a CEO, in line with the criteria of good Governance.

Indra's board agreed Wednesday that the selection of the independent directors will be subject to approval by an extraordinary shareholders meeting in order to confirm their commitment to corporate governance.

This decision is part of the 14-member council, seven of which will be independent. It will also be ratified by the meeting. The suppression of the quality vote for the president was also notified to the Commission Wednesday National Stock Market.

According to a defense and technology company statement, the "division between the roles of the non-executive President and main executive of the Company (CEO), will be consolidated, and the relevance and promotion of the coordinating independent Director will be promoted, as defined by the most rigorous standards of corporate governance."

Korn Ferry will advise the selection process for new members. It will search for candidates under Ignacio Martin Garcia Sanz and Francisco Javier Garcia Sanz, who will remain as independent directors.

After the temporary departures of all men from the council, the candidate search will be conducted according to gender criteria.

After the disqualification of four shareholders' members, the non-renewal by a fifth, and the resignation of Martin, Indra will have to choose six independent directors.

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