|WNS (HOLDINGS) LTD filed this Form 20-F on 05/16/2018|
B. Related Party Transactions
(Amounts in thousands)
The following is a description of our related party transactions, determined in accordance with the rules and regulations promulgated under the Exchange Act, that were either material to us or the related party.
In April 2018, Mr Keshav Murugesh was appointed as the Vice-Chairman of the Executive Council of The National Association of Software and Service Companies (NASSCOM). He is also the Chairman of the Audit Committee of NASSCOM. During fiscal 2018, we have paid membership and subscription charges and sponsorship and participation fees for various events conducted by NASSCOM amounting to $147.
Mr Keshav Murugesh is the Chairman of the Western Indias Education Committee of The Confederation of Indian Industry (CII). During fiscal 2018, we have paid membership and subscription charges and sponsorship fees for various events conducted by CII amounting to $47.
Ms. Renu S Karnad is a Director on the Board of HDFC Asset Management Company Limited. During fiscal 2018, we have invested in mutual funds of this company and the balance as at March 31, 2018 was $1,113.
During fiscal 2015, Mr. Gareth Williams was appointed as a Non-Executive director of SAGA Plc. who is our client. During fiscal 2018, we earned a net revenue of $3,074 from this client.
See also Part I Item 6. Directors, Senior Management and Employees B. Compensation Employment Agreement of our Executive Director for a description of our employment agreement with Mr. Keshav R. Murugesh, our Group Chief Executive Officer and director.
C. Interests of Experts and Counsel