Comments
Tata Sons’ ousted chairman Cyrus Mistry is likely to appoint nominee directors on Tata Group companies’ board to ensure best practices of corporate governance, according to report Business Standard newspaper.
Earlier sources told BusinessLine that Cyrus Mistry, who won the battle against Tata Group, might not stake a claim to the top position.
READ THE STORY: Cyrus Mistry unlikely to stake a claim to Tata Sons’ chairman’s post
Mistry wanted to keep an effective oversight without being the part of operations at the Tata group. Mistry has only five months left of his tenure as chairman and that’s one of the reasons why he is not keen, the newspaper said, quoting sources.
In its December 18 ruling, the National Company Law Appellate Tribunal (NCLAT) reinstated Cyrus Mistry as chairman of Tata Sons and three other group companies last week.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.