The bitter boardroom battle at the heart of Tata Sons has put a spotlight on the vulnerability of India’s independent company directors who stand-up to, or take on a dominant shareholder.
Tata Sons is not only fighting former chairperson Cyrus Mistry, who has complained of mismanagement and corporate governance failures within the company, but is now also trying to oust Nusli Wadia – one of the group’s most fiercely vocal independent directors – after he publicly backed Mistry.
Source: www.engineeringnews.co.za
Tata-Mistry spat shows independent company directors vulnerable in India