Tata Trusts chairman Noel Tata calls Chandrasekaran's reappointment 'illegal', cites Tata Sons' rules
India, Sept. 17 -- After Tata Sons approved a fresh five-year term for N Chandrasekaran as executive chairman, Tata Trusts issued a statement saying it maintains that the resolution to reappoint Chandrasekaran "is illegal". Tata Trusts chairman Noel Tata reiterated the same position during the Tata Sons board meeting, according to the statement.
Noel voted against Chandrasekaran's reappointment, but the resolution was approved by a majority of the Tata Sons board.
Tata Trusts said the resolution was a "legal nullity" in view of the provisions of the Articles of Association of Tata Sons. According to the statement, the process for appointing a chairman requires a majority of the Trusts' nominee directors to vote in favour of the resoluti...
Click here to read full article from source
इस लेख के रीप्रिंट को खरीदने या इस प्रकाशन का पूरा फ़ीड प्राप्त करने के लिए, कृपया
हमे संपर्क करें.