RATAN TATA TAKES ON CYRUS MISTRY

BUSINESS, National News

Just days ahead of the Extraordinary General Meeting of six Tata firms, the interim Chairman of Tata Sons pressed for the ouster of Cyrus Mistry as the director  of Tata Sons.

In a letter addressed to the shareholders, Tata sought their support to move a special resolution.

 

The right step would have been for him to resign as director. Unfortunately, he has not yet done so and his continued presence as a director is a serious disruptive influence on these company boards, which can make the company dysfunctional, particularly given his open hostility towards the primary promoter, Tata Sons. As a final step he was offered an opportunity to step down voluntarily from the Chairman position, which he rejected and said that it should be taken up at the Board,

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