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Tata Sons board row: Tata Trusts say Chandrasekaran reappointment resolution invalid
Published: 20/09/26 11:40
New Delhi | India
New Delhi, Sep 20 (UNI) The Tata Trusts have said that there was no deadlock at the Tata Sons board meeting on September 17 and argued that the resolution seeking the reappointment of N Chandrasekaran as chairman was not validly passed. According to the Trusts, Tata Sons' Articles of Association (AoA) require the affirmative support of a majority of directors nominated by the Tata Trusts for certain decisions. The Trusts hold approximately 66pc of Tata Sons. Since there are two Tata Trusts-nominated directors on the board, both would need to support the resolution for the requirement to be met, the…